Question: please answer the multiple choice please answer with calculations Above you can see the income statement and balance sheet of a lirm from last yeari
Above you can see the income statement and balance sheet of a lirm from last yeari All questions a) e) relate to the numbers above. For all questions requiring numenical answers, describe or show your cakculations: a) The balance sheet is missing three numbers (the cells shaded in grey in the image above). Prease calculate the three missing numbers and give a basic indication of how you reached your result. b) Define briefly what the financial indicator "inventory turnover' mean: and why this is one indicatot of how efficiently a firm operates. (no need for calculations.) c) For the firm above, calculate the collection period of the firm and explain what this number signifies. d) The firm plans to put effort into doubling its sales revenues next year. in arder to achicwy this, the sales team suggests to allow 22 days for the customers to pay. If these targets are achioved. what is the predicted level of accounts receivable next year? Explain briefly, including how this reflects the captal efficiency of the firm
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