(Total 10 marks) 1. Assets Utilization Ratios Below are the ratios of Excel firm in 2017 & 2018 2017 2018 Account receivable turnover Day's in Inventory 87 days 96 days a. a. Indicate whether both the above ratios are favorable or unfavorable in 2018 compared to 2017 and why? (2 marks) b. Explain what you understand from the trend of the account receivable turnover ratio. (2 marks) c. Write down two suggestions to other companies in the industry to improve their account receivable tumover ratio. (3.5 marks) d. Explain what you understand from the trend of Days sales in inventory ratio. (2.5 marks) TTTA 312 TEE 5