$1\mathrm{.}3$

REQUIRED

Use the information provided below to provide an interpretation of each of the following ratios:

$1\mathrm{.}3\mathrm{.}1$ Inventory turnover

$(2$ marks$)$

$1\mathrm{.}3\mathrm{.}2$ Debtors collection period

$(2$ marks$)$

INFORMATION

The credit term offered by Reno Supermarket to its debtors were $30$ days. The following ratios were calculated for $2023$ and $2022$:

$\backslash$table$[[$Ratio$,2023,2022$