Assume that Freezeqwik Ltd (Activity 12.16) wishes to reduce its OCC by 30 days. Evaluate each of

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Assume that Freezeqwik Ltd (Activity 12.16) wishes to reduce its OCC by 30 days. Evaluate each of the options available to this business.

Data from Activity 12.16

The financial statements of Freezeqwik Ltd, a distributor of frozen foods, for the year ended 31 December last year are:

Income statement for the year ended 31 December last year 000 000 820 Sales revenue Cost of sales Opening

EQUITY AND LIABILITIES Equity Ordinary share capital Retained earnings Current liabilities Trade payables

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Accounting And Finance For Non Specialists

ISBN: 9781292334691

12th Edition

Authors: Peter Atrill, Eddie McLaney

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Question Posted: Jan 10, 2024 08:00 AM

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Assume that Freezeqwik Ltd (Activity 12.16) wishes to reduce its OCC by 30 days. Evaluate each of

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The average inventories turnover period for the business represents more than three months sales req...View the full answer

Accounting And Finance For Non Specialists

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