During the 2022, Ahmad and Co, has a total sale of 35000SR, however, they have an inventory stock estimated to be 14000SR. The balance sheet of 2022, highlighted company’s current assets worth 45000SR and Fixed assets amounting to 145000SR. The value of credit sales in the year was 15000 SR and accounts receivable was 5000SR. 

Calculate Inventory Turnover, Total Assets turnover, Accounts Receivable turnover, and Average Collection period for Ahmad and Co for the year 2022.

Answer rating: 100% (QA)

To calculate these financial ratios for Ahmad and Co for the year 2022 we can use the following form... View the full answer