# Selected are recent balance sheet and income statement information: ($millions) Ann Taylor Coach Inc Sales... ###### Question: Selected are recent balance sheet and income statement information:  ($ millions) Ann Taylor Coach Inc Sales $2,212$4,763 Cost of goods sold 1,004 1,297 Average accounts receivable 19 159 Average inventory 204 463 Average total assets 907 2,870

Required

1. For each company, compute the following:
1. Accounts receivable turnover
2. Inventory turnover
3. Asset turnover
1. Interpret and comment on any differences you observe between the turnover rates for these two companies, i.e. for each ratio, which company has the better result.

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