Calculate its total assets turnover

Assignment Help Financial Management

Reference no: EM131997512

Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Strickler's sales last year were $110,000 (all on credit), and it earned a net profit of 6%.

Its inventory turnover was 7.58025 times during the year, and its DSO was 32 days. Its annual cost of goods sold was $121,284.

The firm had fixed assets totaling $25,000. Strickler's payables deferral period is 40 days. Assume 365 days in year for your calculations. Do not round intermediate calculations.

Assuming Strickler holds negligible amounts of cash and marketable securities, calculate its total assets turnover. Round your answer to two decimal places.

Reference no: EM131997512

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