You have received $1,000,000 from an insurance policy that matured. You would like to invest some of that money in either Sagicor investments or Accesss limited- two companies that you believe are doing well financially. You decided to analyze the financial statements of the companies to help you decide which one is performing better. You discovered the following Sagicor Access Current ratio 3:1 2:3:1 Quick ratio 1:5:1 1:1:2 Debtor collection 35 days 30 days Period Creditors payment 40 days 25 days Period Inventory turnover 8 times 9 times Net income 15
You have received $1,000,000 from an insurance policy that matured. You would like to invest some of that money in either Sagicor investments or Accesss limited- two companies that you believe are doing well financially. You decided to analyze the financial statements of the companies to help you decide which one is performing better. You discovered the following
Sagicor Access
Quick ratio 1:5:1 1:1:2
Debtor collection 35 days 30 days
Period
Creditors payment 40 days 25 days
Period
Inventory turnover 8 times 9 times
Net income 15% 11%
percentage
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