Scientific equipment manufacturing (a problem created by dr. bober) consider the following financial data from the past year for scientific equipment manufacturing: gross $32,280,000 total $30,126,000 total credit $22,560,000 net $5,400,000 cost of goods $18,000,000 total $16,200,000 average $4,525,000 average $6,275,000 questions: a) compute the receivables turnover ratio b) compute the inventory turnover ratio c) compute the asset turnover ratio

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.