J P] Corp has sales of $6 million, accounts receivable of $950,000, total assets of$25 million ( of which $18 million are fixed assets), inventory of $860,000, andcost of goods sold of $2,200,000. What is J P] ’5 accounts receivable days? Fixedasset turnover? Total asset turnover? Inventory turnover?

The accounts receivable days: 57.79 days

Fixed asset turnover: 0.33 times

Total Asset Turnover: 0.24 times

Inventory turnover: 2.56 times

Explanation:

The accounts receivable days is calculated by the formula:

The accounts receivable days = (Accounts receivable/Annual Sales) x 365 = ($950,000/$6,000,000) x 365 = 57.79 days

Fixed asset turnover = Net Sales/Fixed assets = $6,000,000/$18,000,000 = 0.33 times

Asset turnover helps investors understand how effectively companies are using their assets to generate sales. Asset turnover is calculated by using following formula:

Total Asset Turnover =  Total Sales/Total Assets  = $6,000,000/$25,000,000 = 0.24 times

Inventory turnover = Cost of Goods Sold/Inventory = $2,200,000/$860,000 = 2.56 times

answer: penis

explanation:

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know