# 2017 2016 Accounts receivable $18,000$19,500 Inventory $12,200$9,000 Fixed assets, net $35,000$31,000 Accounts payable...

###### Question:

 2017 2016 Accounts receivable $18,000$19,500 Inventory $12,200$9,000 Fixed assets, net $35,000$31,000 Accounts payable $15,000$12,000 Net Sales $157,500$176,000 Cost of goods sold $125,900$137,000 Net income $52,900$54,000  Shares issued 65,000 60,000  Shares in treasury stock 8,000 20,000

Calculate the following ratios for 2017:

(a) Fixed asset turnover

(b) Inventory turnover

(c) Receivable turnover

(d) Accounts payable turnover

(e) Earning Per Share

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