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1. Compare the collection periods for Solo and Fusion and suggest at least one explanation for the difference.
2. Which company is more efficient in collecting its accounts receivable? Explain.
3. Which company is more efficient in generating net sales given the total assets it employs? Assume an industry average of 1.0 for asset turnover.
4. Comment on which company appears stronger in its ability to pay interest obligations if income should decline. Assume an industry average of 20

Teamwork Assignment 3 File Edit View Insert For The Google Docs Offline Chrome extension is missing or disabled. To edit offline, enable the extension. To disable offline editing, 100%$10% A1fx \begin{tabular}{|c|} \hline 1 \\ \hline 2 \\ \hline 3 \\ \hline 4 \\ \hline 5 \\ \hline 6 \\ \hline 7 \\ \hline 8 \\ \hline 9 \\ \hline 10 \\ \hline 11 \\ \hline 12 \\ \hline 13 \\ \hline 14 \\ \hline 15 \\ \hline 16 \\ \hline 17 \\ \hline 18 \\ \hline 19 \\ \hline 20 \\ \hline 21 \\ \hline 22 \\ \hline 23 \\ \hline 24 \\ \hline 25 \\ \hline 26 \\ \hline 27 \\ \hline \end{tabular} Solo Fusion \begin{tabular}{|l|r|r|r|r|r|r|r|} \hline & Current year & One year prior & Two years prior & \multicolumn{2}{|l|}{ Current year } & One year prior & Two years prior \\ \hline Receivable, net & $115,302.00 & $89,294.00 & $90,405.00 & Receivable, net & $23,732.00 & $29,227.00 & $38,231.00 \\ \hline Total Assets & $1,228,024.00 & $1,061,647.00 & $763,653.00 & Total Assets & $272,906.00 & $246,084.00 & $251,165.00 \\ \hline Net Sales & $2,659,949.00 & $1,991,139.00 & $1,565,887.00 & Net Sales & $464,651.00 & $450,728.00 & $563,613.00 \\ \hline Net income(loss) & $227,575.00 & $147,138.00 & $101,017.00 & Net income(loss) & $13,007.00 & $1,875.00 & $9,508.00 \\ \hline Income taxes & $119,051.00 & $71,403.00 & $50,157.00 & Income taxes & $5,224.00 & $777.00 & $6,247.00 \\ \hline Interest expense & $3,987.00 & $2,680.00 & $4,111.00 & Interest expense & $11.00 & $250.00 & $1,015.00 \\ \hline \end{tabular}