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Blizzard [7]
3 years ago
9

JPJ Corp has sales of $ 1.16 ​million, accounts receivable of $ 47,000​, total assets of $ 4.81 million​ (of which $ 3.05 millio

n are fixed​ assets), inventory of $ 153,000​, and cost of goods sold of $ 590,000.
a. What is​ JPJ's accounts receivable​ days?
b. Fixed asset​ turnover?
c. Total asset​ turnover?
d. Inventory​ turnover?
Business
1 answer:
worty [1.4K]3 years ago
8 0

Answer:

a. JPJ's accounts receivable​ days:  14.79 days

b. JPJ's Fixed asset​ turnover:  0.38

c. JPJ's Total asset​ turnover: 0.24

d. JPJ's Inventory​ turnover: 3.86

Explanation:

a. The accounts receivable​ days is calculated by using following formula:

The accounts receivable​ days = (Accounts receivable/Annual Sales) x Number of days in the year = ($47,000/$1,160,000) x 365 = 14.79 days

Fixed asset​ turnover = Net Sales/Fixed​ assets = $1,160,000/$3,050,000 = 0.38

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

Total Asset Turnover =  Total Sales/Total Assets  = $1,160,000/$4,810,000 = 0.24

Inventory​ turnover = Cost of goods sold/Inventory = $590,000/$153,000 = 3.86

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andreyandreev [35.5K]

Answer:

See below.

Explanation:

A)

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B)

The German firm needs to set up in US and thus would need the local currency to conduct its operations in Carolina, they will have to buy USD by selling euros and thus creating a euro supply.

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The college student will have to be using Euros and as such would need to exchange dollars for euros, crating a demand.

D)

As the products are shipped aboard a Liberian freighter, they would be paid by giving out euros in the foreign exchange market. This will create a supply of euros.

E)

When the US economy grows at a  faster pace, European citizens will invest in US securities or in USA in general thus creating a supply of euros as they buy USD for investments.

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As the US government pays interest to a European bond holder, it will create a demand for Euros as more USD will be exchanged for Euros to be paid.

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More people will speculate and invest in dollars as they fear euro losing value, this will create more supply of euro in the market as people look to invest elsewhere.

Hope that helps.

6 0
3 years ago
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sammy [17]

Answer:

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4 0
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irinina [24]

Answer:

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