Refer to Rhodes Bakery. Calculate the following asset efficiency ratios for 2015 and 2014: Accounts Receivable Turnover Ratio, Inventory Turnover Ratio, and Asset Turnover Ratio. Also determine the Operating Cycle. Round your answers to two decimal places. Comment on the company's asset efficiency ratios.
A portion of the company's income statements are shown below. At December 31, 2013, Accounts Receivable, Inventories, and Total Assets were $18,500, $6,500, and $325,000, respectively.

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The Answer of Refer to Rhodes Bakery. Calculate the following asset efficiency ratios for 2015 and 2014: Accounts Receivable Turnover Ratio, Inventory Turnover Ratio, and Asset Turnover Ratio. Also determine the Operating Cycle. Round your answers to two decimal places. Comment on the company's asset efficiency ratios.
A portion of the company's income statements are shown below. At December 31, 2013, Accounts Receivable, Inventories, and Total Assets were $18,500, $6,500, and $325,000, respectively.