From the Following Information of Carlson's Restoration Corporation,compute:
A

question 67

Short Answer

From the following information of Carlson's Restoration Corporation,compute:
a.________ Asset turnover for Year 2.
b.________ Inventory turnover for Year 2.
c.________ Accounts receivable turnover for Year 2.
$$\begin{array} { l r r } & \underline { \text { Year } 2 } & \underline { \text { Year } 1 } \\\text { Net Sales (on credit) }& \$ 150,000 & \$ 120,000 \\\text { Cost of Goods Sold } & 90,000 & 84,000 \\\text { Net Income } & 30,000 & 24,000 \\\text { Ending Acct. Receivable } & 24,000 & 21,000 \\\text { Ending Inventory } & 16,500 & 13,500 \\\text { Total Assets }& 120,000 & 135,000\end{array}$$

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Definitions:

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A psychotherapeutic treatment that helps patients understand the thoughts and feelings that influence behaviors by combining cognitive and behavioral therapy techniques.

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