A Firm Has Sales of $5 Million, Average Total Assets

question 45

Essay

A firm has sales of $5 million, average total assets of $1.6 million, average fixed assets of $1 million, and average current liabilities of $300,000.Given this information, answer the following about the firm's efficiency:
Calculate asset turnover, fixed asset turnover, and NWC turnover ratios.
Can the fixed asset turnover be considered appropriate and yet the total asset turnover be considered low by industry standards? How?
What in general might improve NWC turnover?

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Definitions:

Subjective Data

Information provided by the patient regarding their perception of health issues, symptoms, and feelings, central to clinical assessments.

Patient's Feelings

The emotions and sentiments experienced by a patient regarding their health, medical care, or treatment process.

Reported Symptoms

Symptoms that a patient describes or communicates to a healthcare provider.

Patient Care

The services rendered by health care professionals to maintain or improve a patient's health or to manage illness and injury.