JPJ Corp has sales of $1.13 million, accounts receivable of $50,000, total assets of $4.99 million (of which $3.18 million are fixed assets), inventory of $144,000, and cost of goods sold of $596,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? If JPJ Corp is able to increase sales by 11.8% but keep its total and fixed asset growth to only 4.6%, what will its new asset turnover ratios be?
