What is the “days of inventory” in 20x2? (Use 365 days) 30.49What is the return on assets in 20x2? 0.28What is the “days of receivable” in 20x2? (Use 365 days) 23.66 note: I already have the answer I just need you to put the solution here how did you come up with the answer You are an investor. You are deciding whether to invest in the shares of stocks of ABC Group. Youhave obtained the following financial information for your analysis:ABC GroupStatement of financial positionAs of December 31, 20x2(amounts in Philippine Pesos)Notes20x220x1ASSETSCurrent assetsCash and cash equivalentsP 698,020P 280,000Accounts receivable500,000400,000100,000InventoriesOther current assetsTotal current assets100,0001,698,020180,00028,000588,000Non-current assetsInvestments in equity instruments240,000260,0002,800,000Property, plant and equipmentOther intangible assetsGoodwill2,750,000600,00090,000640,00090,000Total non-current assetsTotal assets3,680,0003,790,000P5,378,020 P4,378,000LIABILITIES AND EQUITYCurrent liabilitiesTrade and other payablesP 287,500 P 200,000Short-term borrowingsCurrent tax payable50,0001,987,26015,48069,960Short-term provisionsCurrent portion of long-termborrowings6,0004,00040,000453,46040,0002,246,740Total current liabilitiesNon-current liabilitiesLong-term borrowingsDeferred taxTotal non-current liabilitiesTotal liabilities120,000160,00070,000190,000643,46050,000210,0002,456,740EquityShare capitalRetained earningsOther components of equity16.13,500,0001,000,000947,800119,800725,160Non-controlling interestsTotal equity4,567,600166,9604,734,56094,8001,819,960101,3001,921,260Total liabilities and equityP5,378,020 P4,378,000• Additional information:• ABC Group has total sales of P5,787,648 in 20x2, 80% of which were on credit.• ABC Group's cost of sales in 20x2 was P3,472,589.• ABC Group's profit in 20x2 was P1,515,059.• NOTE: Round-off answers to two decimal places.

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Description: What is the “days of inventory” in 20x2? (Use 365 days) 30.49What is the return on assets in 20x2? 0.28What is the “days of receivable” in 20x2? (Use 365 days) 23.66 note: I already have the answer I just need you to p

Days of Inventory = 365 x Average Inventory / Cost of Sales Return on Assets = Net Profit / Total…

Business

Accounting

What is the “days of inventory” in 20x2? (Use 365 days) 30.49 What is the return on assets in 20x2? 0.28 What is the “days of receivable” in 20x2? (Use 365 days) 23.66 note: I already have the answer I just need you to put the solution here how did you come up with the answer

What is the “days of inventory” in 20x2? (Use 365 days) 30.49 What is the return on assets in 20x2? 0.28 What is the “days of receivable” in 20x2? (Use 365 days) 23.66 note: I already have the answer I just need you to put the solution here how did you come up with the answer

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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