Calculate the Efficiency for Bebop Services Ltd for the years ending 31.06.2021 and 31.06.2020 and fill...

 

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Calculate the Efficiency for Bebop Services Ltd for the years ending 31.06.2021 and 31.06.2020 and fill in the ratio table 2021 Formula Answer Efficiency Ratios Data used in the formula Inventory Net Sales/av 452000/16.6 Turnover inventory at selling 27228.92 Ratio price Account (Acc payable* (27500*365)/49 payable days number of 8000 20.16 days)/Cost of goods Sold Account (Acc 17.3 (35000/860000) *365 receivable receivable/Revenu e)* number of days days in a year 2020 Formula Efficiency Ratios Data used in the Answer formula Inventory 414650/17.83 Net Sales/av inventory at selling Turnover 23255.72 Ratio price Account (Acc payable* (37000*365)/4456 30.3 payable days number of 50 days)/Cost of goods Sold Account (Acc (45000/950000)*3 receivable receivable/Revenue 65 14.9 days )* number of days in a year Add the final Efficiency results for Bebop Services Ltd for the years ending 31.06.2021 and 31.06.2020. Efficiency Ratios 2021 2020 Inventory Turnover Ratio 27228.92 23255.72 Account payable days 20.16 30.3 Account receivable days 17.3 14.9 Learning Outcome Assessed: SS4 Demonstrate practical problem solving skills by analysing and interpreting accounting data using a range of financial ratios and recommending an appropriate course of action in response. Calculate the Efficiency for Bebop Services Ltd for the years ending 31.06.2021 and 31.06.2020 and fill in the ratio table 2021 Formula Answer Efficiency Ratios Data used in the formula Inventory Net Sales/av 452000/16.6 Turnover inventory at selling 27228.92 Ratio price Account (Acc payable* (27500*365)/49 payable days number of 8000 20.16 days)/Cost of goods Sold Account (Acc 17.3 (35000/860000) *365 receivable receivable/Revenu e)* number of days days in a year 2020 Formula Efficiency Ratios Data used in the Answer formula Inventory 414650/17.83 Net Sales/av inventory at selling Turnover 23255.72 Ratio price Account (Acc payable* (37000*365)/4456 30.3 payable days number of 50 days)/Cost of goods Sold Account (Acc (45000/950000)*3 receivable receivable/Revenue 65 14.9 days )* number of days in a year Add the final Efficiency results for Bebop Services Ltd for the years ending 31.06.2021 and 31.06.2020. Efficiency Ratios 2021 2020 Inventory Turnover Ratio 27228.92 23255.72 Account payable days 20.16 30.3 Account receivable days 17.3 14.9 Learning Outcome Assessed: SS4 Demonstrate practical problem solving skills by analysing and interpreting accounting data using a range of financial ratios and recommending an appropriate course of action in response.

Answer rating: 100% (QA)

Inventory turnover ratio Net sales Average inventory 452000 166 1732 452000 17 2647059 Accounts paya... View the full answer