Below is financial information for two restaurant retailers. Poppers Company operates an innovative retail bakery-cafe business and franchising business. At the end of 2010, Poppers had 132 company-owned and 346 franchise-operated bakery-cafes. Poppers located most of their unique bakery-cafe concept stores in suburban, strip mall, and regional mall locations. As a first mover in this concept, the company operates in 32 states. Simmer Corporation began operations five years earlier than Poppers and purchases and roasts whole bean coffees and sells them, along with numerous coffee drinks and related products at over 2,900 Company-operated retail stores.

Selected Data for Poppers Company and Simmer Corporation

(amounts in millions)

?	Simmer	Poppers
Net Sales Sales Simmer $5,000 Poppers 300	$4,076	$278
Cost of Goods Sold	1,686	97
Interest Expense	0	0
Net Income	268	22
Average Inventory	303	4
Average Fixed Assets	2,163	130

Required:

a.	Compute the Inventory turnover, fixed asset turnover, and accounts receivable turnover.
b.	Describe the likely reasons for the difference in the accounts receivable turnover and the inventory turnover