Which of the following is not an asset management ratio? A times Interest earned ratio The average collection period A Inventory turnover ratio A total asset turnover ratio Johnny Appleseed Brewing Company (ABC) has a quick ratio of 2.00; $38,250 in cash; $21,250 in accounts receivable; some inventory; total current assets of $85,000; and total current liabilities of $29,750. In its most recent annual report, JABC reported annual sales of $100,000 and a cost of goods sold equal to 65% of annual sales. How many times is Johnny Appleseed Brewing Company (JABC) selling and replacing its inventory? 2.805x 3.92x 2.55x 0.35x The Inventory turnover ratio across companies in JABC's Industry is 2.17. Based on this information, which of the following statements is true for Johnny Appleseed Brewing Company (JABC)? JABC is holding less inventory per dollar of COGS compared to the industry average Johnny Appleseed Brewing Company (JABC) is holding more Inventory per dollar of COGS compared to the Industry average. You are analyzing two companies that manufacture electronic toys-IntelliGames Inc and BrainGames Inc. IntellGames was launched eight years ago, whereas BrainGames is a relatively new company that has only been in operation for the past two years. However, both companies have an equal market share with sales of $100,000 each. You've gathered up company data to compare Intell Games and BrainGames For the same period, the average sales for industry competitors was $255,000. As an analyst, you want to make comments on the expected performance of these two companies in the coming year. You've collected data from the companies financial statements, and the Information follows: Accounts receivables Data Collected (in dollars) IntelliGames Inc. BrainGames Inc. Industry Average $2,700 $3,900 $2,875 55,000 30,000 216,750 95,000 125,000 234,600 Net fixed assets Total ants Using the preceding information, complete the following statements. 1.A days sales outstanding, or average collection period, represents an efficient credit and collection policy Between the two companies, Is collecting cash from its customers faster than : but both companies are collecting their receivables less quickly than the industry average. 2. Brain Games Inc.'s fixed-asset turnover ratio is than that of IntelliGames Inc. This could be because Brain Games is a relatively new company, such that the acquisition costs and book values of its fixed assets is than the acquisition costs and book values of Intell Games's net fixed assets Using the preceding Information, complete the following statements. 1. A days sales outstanding, or average collection period, represents an efficient credit and collection policy. Between the two companies, is collecting cash from its customers faster than ; but both companies are collecting their receivables less quickly than the industry average. 2. BrainGames Inc.'s fixed-asset turnover ratio is than that of IntelliGames Inc. This could be because BrainGames is a relatively new company, such that the acquisition costs and book values of its fixed assets is than the acquisition costs and book values of IntellGames's net fixed assets 3. Intell Games total asset turnover ratio is which is higher total asset turnover ratio indicates greater efficiency than the industry's average total asset turnover ratio. In general, Grado It Now Save & Continue