Answered step by step
Verified Expert Solution
Question
1 Approved Answer
000s Sales 5,600 Cost of sales 2,100 Profit before interest and tax 1,910 Fixed assets 1,500 Depreciation 300 Stock 800 Debtors 900 Cash at bank
| 000s |
Sales | 5,600 |
Cost of sales | 2,100 |
Profit before interest and tax | 1,910 |
Fixed assets | 1,500 |
Depreciation | 300 |
Stock | 800 |
Debtors | 900 |
Cash at bank | 100 |
Creditors | 750 |
Long-term loans | 2,000 |
1.What is the gross profit margin to one decimal place?
- 34.1%
- 44.6%
- 52.1%
- 61.6%
- none of the above.
2.What is the quick ratio to one decimal place?
- 0.5:1
- 0.9:1
- 1.3:1
- 1.9:1
- 2.4:1
3.What is the debtor collection period in days, assuming a 365-day year to 2 decimal places?
- 48.21 days
- 58.66 days
- 61.25 days
- 87.1 days
- 105.97 days
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started