Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Aamal Company Gulf International Services 2018 (QAR) 2019 (QAR) 2018 (QAR) 2019 (QAR) Cost of goods sold 819,355,799 860,103,578 2,115,216,000 2,604,708,000 Inventory 171,478,952 163,980,453 216,289,000

Aamal Company

Gulf International Services

2018 (QAR)

2019 (QAR)

2018 (QAR)

2019 (QAR)

Cost of goods sold

819,355,799

860,103,578

2,115,216,000

2,604,708,000

Inventory

171,478,952

163,980,453

216,289,000

215,491,000

Account receivable

405,154,154

413,063,705

599,842,000

766,322,000

Annual sales (Net Sales)

1,286,551,774

1,294,116,605

2,519,180,000

3,010,812,000

Account payable

353,914,426

400,469,842

579,358,000

841,857,000

Total assets

9,046,154,697

9,020,633,852

10,342,904,000

10,766,866,000

Ratio Calculations

1. Inventory Turnover

4.78

5.25

9.78

12.09

2. Average Age of Inventory

76.39

69.59

37.32

30.20

3. Average Collection Period

114.94

116.50

86.91

92.90

4. Total Assets Turnover

0.14

0.14

0.24

0.28

Required : Your recommendation

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Financial Management

Authors: Eugene F Brigham, Phillip R Daves

14th Edition

0357516664, 978-0357516669

More Books

Students also viewed these Finance questions

Question

7.9 Determine how the final hiring decision is made.

Answered: 1 week ago