625 Receivables Accounts payable 600 400 1.100 1.000 600 C 350 225 Revenues Cost of goods sold 3.000 950 6,000 6,000 2,500 750 5.200 5.050 2. Consider the following information for the Ski company and evaluate company's working capital policy (relative to the industry). Is SKL conservative aggressive oyuna inefficient? SKL Industrial Average Current ratio 1.75x 2.25x Debt/Assets 58.76% 50.00% Turnover of cash & securities 16.67% 22.22x DSO (days) 45.63 32.00 4.82x 7.00x Inventory turnover 11.35x 12.00x Fixed Assets. turnover 2.08x 3.00x Total Assets turnover 2.07% 3.50% Profit margin 10.45% 21.00% ROE 3. KSC Ltd has customers in Mwanza that remit about 1,000 cheques a year. The average cheque is for Tshs 10 million. Lake Zone cheques currently take an average of four days from the time they are mailed to clear into KSC's Dar es Salaam account of Tihs 8 million a year plus Tshs 5,000 per cheque a Mwanza based bank has noted to reduce the clearing cheque time to one 20%