1. What this ratio tells us about? 2. Do you like the situation in this company? 3. What are your recommendationd to improve the situation?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
C
D
E
F
G
H
K
2016
2017
2019
1,000 £
12 | £
83.33 days
2018
1,100 £
Inventory
Cost of goods sold / 365
£
1,200
£
950
10 | £
100.00 days
£
11 £
13
120.00 days
73.08 days
Transcribed Image Text:C D E F G H K 2016 2017 2019 1,000 £ 12 | £ 83.33 days 2018 1,100 £ Inventory Cost of goods sold / 365 £ 1,200 £ 950 10 | £ 100.00 days £ 11 £ 13 120.00 days 73.08 days
QUESTIONS:
1. What this ratio tells us about?
| 2. Do you like the situation in this company?
3. What are your recommendationd to improve the situation?
Transcribed Image Text:QUESTIONS: 1. What this ratio tells us about? | 2. Do you like the situation in this company? 3. What are your recommendationd to improve the situation?
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