A company shows the following balance sheet as of 31/12/2018 (in '000 $) Fixed assets Inventories...
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A company shows the following balance sheet as of 31/12/2018 (in '000 $) Fixed assets Inventories Account receivables Cash Total Assets 28,000 Equity 16,000 Long term debt 6,000 Short term loans Account payable 50,000 Total Liabilities b) What do you conclude and recommend ? 16,000 4,000 25,000 5,000 50,000 a) Compute its net operating cycle in days, knowing that its sales were 25 million and COGS were 22 million (and a year has 365 days). (3 marks) (4 marks) A company shows the following balance sheet as of 31/12/2018 (in '000 $) Fixed assets Inventories Account receivables Cash Total Assets 28,000 Equity 16,000 Long term debt 6,000 Short term loans Account payable 50,000 Total Liabilities b) What do you conclude and recommend ? 16,000 4,000 25,000 5,000 50,000 a) Compute its net operating cycle in days, knowing that its sales were 25 million and COGS were 22 million (and a year has 365 days). (3 marks) (4 marks)
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a The net operating cycle is the number of days it takes for a company to convert its resources into ... View the full answer
Related Book For
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
Posted Date:
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