Question: explain and interpret this asset management ratios. on the left is current year firgures on the right is previous year figures Assets Management Ratios Inventory


explain and interpret this asset management ratios. on the left is current year firgures on the right is previous year figures
Assets Management Ratios Inventory turnover = cost of goods sold inventory Days' sales in inventory 365 inventory turnover (157,431) 6433 = 24.4724 (143,434) 36900 = 3.8871 365 24.4724 = 14.9148 365 3.8871 = 93.9003 Account receivable turnover sales accounts receivable Total asset turnover sales total assets 1,106,632 250,103 = 4.4247 1.106,632 1,435,178 = 0.7711 1,185,737 254,954 = 4.6508 1,185,737 1,317,602 = 0.0845
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
