Review the select information for Bean Superstore and Legumes Plus (industry competitors), and then complete the following. BEAN SUPERSTORE Comparative Balance Sheet December 31, 2017, 2018, and 2019 2019 2018 2017 Assets Cash $330,460 $300,000 Accounts Receivable 65,000 $345,600 65,000 150,830 100,465 $661,895 Inventory Equipment 60,000 155,205 178,011 101,202 Total Assets 103,085 $618,290 $674,673 Liabilities $90,300 $84,209 Salaries Payable Accounts Payable Notes Payable Equity 71,000 41,000 $88,563 71,670 50,650 69,331 58,250 20,990 Common Stock Retained Earnings Total Liabilities and Equity 22,695 436,900 $661,895 442,800 $674,673 19,200 387,300 $618,290 LEGUMES PLUS Comparative Balance Sheet December 31, 2017, 2018, and 2019 2019 2018 2017 Assets Cash $407,000 $389,450 $356,367 Accounts Receivable 85,430 82,670 79,230 52,142 128,080 182,006 40,036 23,400 $535,556 111,701 $599,440 $802,516 Inventory Equipment Total Assets Liabilities Salaries Payable Accounts Payable Notes Payable Equity Common Stock Retained Earnings $95,300 $91,455 86,331 $89,467 87,197 62,430 63,222 67,880 68,312 25,464 22,590 22,188 332,276 556,100 267,300 Total Liabilities and Equity $802,516 $535,556 $599,440 BEAN SUPERSTORE Comparative Income Statement Year Ended December 31, 2017, 2018, and 2019 2019 2018 2017 Net Credit Sales $1,000,000 460,000 $540,000 $984,400 419,600 COGS Gross Margin Expenses Net Income (Loss) $564,800 125,000 $875,350 388,950 $486,400 100,000 $386,400 115,000 $425,000 $439,800 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 200,000 174,450 169,422 Net Income (Loss) $556,300 $265,800 $332,276 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 X times times 1. 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 Xtimes times ART 2010 times 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 days days Days Sales 2019 days 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 is upward, while Bean is downward b. If one considers other factors such as net income, Legume shows a big jump in 2019 for net income, and greater cash on 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 less volatile and therefore less sky d. All of the above statements may be correct