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  1. business
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  3. suppose the total sales are $227,551,500, the gros

Suppose the total sales are $227,551,500, the gross income is $236,133,000, the net income is...

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Accounting

Suppose the total sales are $227,551,500, the gross income is $236,133,000, the net income is $34,573,500, the COGS is
$117,877,500, the total credit sales are $131,692,500, the average receivables are $4,637,000, the total assets are $14,198,000, and the
average inventory is $6,894,000. Don't overthink the values just given (they are randomly generated, so some may seem abnormally
high or low compared to each other based on normal relationships). Answer the following questions. Do not round your intermediate
calculations (or if you do, go to at least 5? decimals for them).
a. Compute the asset turnover ratio. Round your final answer to 3 decimal places (e.g.,.14581 would be rounded to .146).
Asset turnover ratio
b. Compute the receivable turnover ratio. Round your final answer to 3 decimal places (e.g.,.14581 would be rounded to .146).
Receivable turnover ratio
c. Compute the inventory turnover ratio. Round your final answer to 3 decimal places (e.g.,14581 would be rounded to .146).
Inventory turnover ratio
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