6. Answer the Days of Working Capital based on the information below: 2020 2021 Profit for the year Depreciation/amortization Trade receivables $ 126,000 $175,000 25,000 260,000 35,000 285,000 390,000 Inventories 350,000 Trade and other payables 290,000 1,800,000 2,100,000 310,000 Revenue

6. Answer the Days of Working Capital based on the information below: 2020 2021 Profit for the year Depreciation/amortization Trade receivables $ 126,000 $175,000 25,000 260,000 35,000 285,000 390,000 Inventories 350,000 Trade and other payables 290,000 1,800,000 2,100,000 310,000 Revenue

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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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

Answer 6

6. Answer the Days of Working Capital based on the information below:
2020
2021
$ 126,000 $175,000
25,000
260,000
Profit for the year
Depreciation/amortization
Trade receivables
35,000
285,000
390,000
Inventories
350,000
Trade and other payables
290,000
1,800,000 2,100,000
310,000
Revenue

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