Answer the following questions according to the picture Question A17 What is the trade receivable (debtor) days of Moopay Ltd? (round to the nearest whole day) Question A18 What is the inventory (stock) days of Moopay Ltd? (round to the nearest whole day) Question A19 What was the gross profit margin for Moopay Ltd for the year ended 31 March 2021? (2d.p) The following information relates to questions A17 – A19:Extracts from the SFP of Moopay Ltd as at the year ended 31 March 2021£'000Current assetsInventories30Trade receivables15Bank balance25Total current assets70Extracts from the SPL of Moopay Ltd for the year ended 31 March 2021£'000Revenue350Cost of Sales200Gross Profit150

Debtors days = Trade Receivables/ Sales Revenue * 365 Inventory days = Inventory/ Cost of Sales *…

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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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Answer the following questions according to the picture Question A17 What is the trade receivable (debtor) days of Moopay Ltd? (round to the nearest whole day) Question A18 What is the inventory (stock) days of Moopay Ltd? (round to the nearest whole day) Question A19 What was the gross profit margin for Moopay Ltd for the year ended 31 March 2021? (2d.p)

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