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Check My Work Below is financial information for two restaurant retailers. Popper's Company operates an innovative retail bakery-cafe business and franchising business. At the end
Check My Work Below is financial information for two restaurant retailers. Popper's Company operates an innovative retail bakery-cafe business and franchising business. At the end 2010. Popper's had 132 company-owned and 346 franchise-operated bakery-cafes. Popper's 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 Popper's 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 Popper's Company and Simmer Corporation (amounts in millions) Simmer Popper's $278 $4,076 1.686 Net Sales Sales Simmer 55.000 Popper's 300 Cast of Goods Sold Interest Expense Net Income Average Inventory Average Fixed Assets 97 0 0 268 303 4 2.163 130 Required: a. Compute the inventory turnover foxed asset turnover, and accounts receivable turnover. Round your answers to two decimal Required: a. Compute the inventory turnover, fixed asset turnover, and accounts receivable turnover. Round your answers to two decimal places. Simmer Popper's Inventory turnover 5.56 24.25 Fixed asset turnover 1.88 2/14 Accounts receivable turnover 1.65 3 ch another in the 1.67 thi
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