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 452000/16.6 Inventory Turnover Ratio Net Sales/av inventory at selling price 27228.92 Account payable days (27500*365)/49 8000 20.16 (Acc payable* number of days)/Cost of goods Sold 17.3 Account receivable days (Acc receivable/Revenu e)* number of days (35000/860000) *365 in a year 2020 Formula Answer Efficiency Ratios Data used in the formula 414650/17.83 Inventory Turnover Ratio Net Sales/av inventory at selling price 23255.72 30.3 Account payable days (37000*365)/4456 50 (Acc payable* number of days)/Cost of goods Sold Account receivable days (45000/950000)*3 65 14.9 (Acc receivable/Revenue )* 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 452000/16.6 Inventory Turnover Ratio Net Sales/av inventory at selling price 27228.92 Account payable days (27500*365)/49 8000 20.16 (Acc payable* number of days)/Cost of goods Sold 17.3 Account receivable days (Acc receivable/Revenu e)* number of days (35000/860000) *365 in a year 2020 Formula Answer Efficiency Ratios Data used in the formula 414650/17.83 Inventory Turnover Ratio Net Sales/av inventory at selling price 23255.72 30.3 Account payable days (37000*365)/4456 50 (Acc payable* number of days)/Cost of goods Sold Account receivable days (45000/950000)*3 65 14.9 (Acc receivable/Revenue )* 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