Question: Case Study ABC Inc. is a Corporation with a focus on Garment and textile manufacturing in the UAE. They are now looking to finance their

 Case Study ABC Inc. is a Corporation with a focus on
Garment and textile manufacturing in the UAE. They are now looking to

Case Study ABC Inc. is a Corporation with a focus on Garment and textile manufacturing in the UAE. They are now looking to finance their new project, are looking for a bank to give them a loan. Find the following ratios, interpret and analyze them: e) Accounts Receivable Tumover f) Inventory Turnover g) Days Sales in Inventory h) Average Collection Period [8 points) Based on the ratios calculated above, Can you conclude if any bank would easily give a loan to you? Justify your answer. [2 points) Standalone statement of comprehensive income Year ended 31 December 2019 2018 AED AED Note Revenue Cost of sales Grow profit 12 13 967,215,339 (862.141 258) 105,074,081 813,481,889 (722,094 232) 91,387,657 14 15 (30,183 413) 978,095 (27,340,230) 11,221.861 Administrative and selling expenses Other income Reversal of

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