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How to calculate account receivable turnover for both companies? i was told that the key is that A/R based on the typical characteristics of a
How to calculate account receivable turnover for both companies?
i was told that the key is that A/R based on the typical characteristics of a retail company.
ent 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) Start your school or car portfolio Simmer Popper's Net Sales $4,076 $278 Sales Simmer $5,000 Popper's 300 Cost of Goods Sold 1.686 97 Interest Expense 0 268 22 Nel Income 303 Average mventory 2.163 Average Fixed Assets 0 4 130 Required: a. compute the inventory turnover, fixed asset turnover, and accounts receivable turnover Round your answers to two decimal places, Simmer Popper's 24.25 5.56 Inventory tungover 2.14 1.38 Fixed assettonover do Account Recenable turnove Step by Step Solution
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