solution

Suppose the total sales are $98,826,750, the gross income is $102,550,250, the net income is $16,211,250, the COGS is $51,196,750, the total credit sales are $65,439,000, the average receivables are $4,037,000, the total assets are $12,361,000, and the average inventory is $4,585,000. 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).

b.Compute the receivable turnover ratio.Round your final answer to 3 decimal places (e.g., .14581 would be rounded to .146).

c.Compute the inventory turnover ratio.Round your final answer to 3 decimal places (e.g., .14581 would be rounded to .146).

d.Compute the days of supply.Round your final answer to 3 decimal places (e.g., .14581 would be rounded to .146).

e.Compute the profit margin. Write your final answer as a percent and round it to 3 decimal places, but without the % sign; for example, 25.3706% would be answered as 25.371, not .25371 or 25.371%).