The Learning Journal is a space where you should reflect on what was learned during the week and how it applies to your daily life and will help you with your life (career) goals.

For this week, you will be computing different financial ratios based on information presented in the tables below.

Chart 1

ABC Group123 CompanyBeginning accounts receivable;$75,000$92,000Ending accounts receivable$125,000$123,000Net credit sales$324,000$401,000

Chart 2

Balance Sheet Year 1Income Statement Year 1Balance Sheet YearIncome Statement YearBeginning Inventory

$29,000$10,826Purchases$10,000$7,435Goods Available for Sale$39,000$18,261Ending Inventory$10,826$5,980Cost of Goods Sold$28,174$12,281$10,826

Please complete the following tasks:

1. Complete each of the calculations listed below (A - C).

A. (Use Chart 1) You are an investor looking to contribute financially to either the ABC Group or the 123 Company. Based on the information provided:

• Compute the accounts receivable turnover ratio.
• Compute the number of days' sales in receivables ratio for both ABC Group and 123 Company (round all answers to two decimal places).
• Interpret the outcomes, stating which company you would invest in and why.

B. (Use Chart 2) Compute the inventory turnover ratio.

• Interpret the outcomes

C. (Use Chart 2) Compute the number of days' sales in inventory ratio.

• Interpret the outcomes

2. Interpret the outcomes for each of the calculations performed using chart 1 and chart 2 (A - C).

3. Did you encounter issues completing any Unit 5 assignments? Please explain.

4. You are halfway through the course. What are your thoughts about the course and the material that has been covered at this point?