Question: Question 2 Mini case [02.03]|213 - 6 marks! Referring to the following data of the sohar trade firm, answer the following questions:- (Note: Write all

 Question 2 Mini case [02.03]|213 - 6 marks! Referring to the

Question 2 Mini case [02.03]|213 - 6 marks! Referring to the following data of the sohar trade firm, answer the following questions:- (Note: Write all related Equations regarding the questions) The firm's manager targets to decrease the current ratio in the year (2021) by 40% out of the previous year (2020). To what level can the manager reduce the total current asset (TCA) to achieve this target (40%) at (2021)? (Suppose the other things are unchanging) a) The manager put a plan to increase the days' sales outstanding (DSO) in the (2021) by (30%) out of the year (2020). How much will this plan add to the accounts receivable? (Suppose the other things are unchanging) 2.5 Times 600 (Thousand OMR) 500 (Thousand OMR) Data of 2020 Total Asset Turnover Net Fixed Asset Total Liabilities Sales Quick Ratio Accounts Receivable Long-term Liabilities 2000 (Thousand OMR) 1.5 Times 150 (Thousand OMR) 200 (Thousand OMR)

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