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idk if i did these right Review the select information for Bean Superstore and Lopunes Plus City), and then came the wine BEAN SUPERSTORE Comparative

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Review the select information for Bean Superstore and Lopunes Plus City), and then came the wine BEAN SUPERSTORE Comparative Balance Sheet December 31, 2017, 2018, and 2019 2019 2018 2017 Assets Cash $546,600 $331,460 $300,000 Accounts Receivable 65.000 65.000 60,000 Inventory 150,630 178,011 155.205 Equipment 100455 101,202 103,085 Total Assets 5662,805 $675,673 $518,290 Liabilities Salaries Payable 590,300 $8.563 584,209 Accounts Payable 71,000 71,670 69,331 Notes Payable 41,000 50,650 58,250 Equity Common Stock 22.695 21,490 19, 100 Ratindamine 437,900 40,300 387,450 Total Liabilities and Equity 5662,895 5675,673 $618,200 LEGUMES PLUS Comparative Balance Sheet December 31, 2017, 2018, and 2019 2019 2018 2017 Assets 3407,000 - $389,450 85,430 82.670 120,00 40,036 182,005 23.400 $802,516 $S35,556 $356,357 79,230 52,142 111,701 $99,440 $95,300 Accounts Receivable Inventory Equipment Total Assets Liabilities Salaries Payable Accounts Payable Notes Payable Equity Common Stock Rained frings Total Liabilities and Equity 591.455 6,331 67.000 559.457 57,197 62,430 63,222 25,464 556,100 5802,516 267.00 3535.556 22,150 32,276 1599,440 BEAN SUPERSTORE Comparative Income Statement Year Ended December 31, 2017, 2018, and 2019 2019 2018 2017 Cross 51.000.000 $984,400 5575,350 COGS 460,000 419.00 352,950 Gus Mario $540,000 $564,100 5486,400 115.000 125.000 100,000 Net Income to 5425.000 5439.000 5386,400 LEGUMES PLUS Comparative Income Statement Year Ended December 31, 2017, 2018, and 2019 2019 2018 2017 Net Credit Sales $1,256,300 $1,020,570 $967,478 COGS 500,000 580,320 465,780 Gross Margin $756,300 $440,250 $501,698 Expenses 200,000 175,450 169,422 Net Income (Loss) $556,300 $264,800 5332,276 A. Compute the accounts receivable turnover ratios for each company for 2018 and 2019. Round your answers to two decimal places. Bean Superstore Legume Plus ART 2018 15.75 times 12.61 times ART 2019 15.38 times 14.95 times B. Compute the number of days' sales in receivables ratios for each company for 2018 and 2019. Assume 365 days a year. Round your answers to two decimal places. Bean Superstore Legume Plus Days Sales 2018 23.17 days 28.95 days Days' Sales 2019 23.73 days 24.42 days C. Which company is the better investment and why? Legume could be the better investment because the 2019 turnover rate is close to Bean, but the trend upward, while Bean is downward b. It one considers other factors such as net income, Legume shows a big jump in 2010 for at income, and greater than hand and receivables than Bean Bean could be considered the better investment because its net income, while lower than Legume's in 2019, is much les volatile and therefore less ricky d. All of the above statements may be correct Previous

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