QUESTION THREE Uptodate Projects Ltd has approached you to analyse and interpret their financial statements. The following amounts were extracted from the records of the company: Turnover Cost of sales Profit before interest and tax Accounts receivable Accounts payable Inventory Bank/ (Overdraft) 2019 R 200 000 140 000 12 000 16 500 13 000 18 750 4 000 2020 R 220 000 150 000 11 000 25 000 14 700 26 000 (1000) 2021 R 250 000 165 000 10 500 29 600 17 000 30 400 (2 000) Required: Calculate each of the following ratios for each of the three (3) years: Accounts receivable collection period Inventory holding period Accounts payable payment period Current ratio Acid test ratio Comment on the company's working capital management in light of the analysis undertaken