Abreviated statement of financial position

. Assets 2017 2016

Non current /fixed 4 200 000 3 000 000

Inventory 4 00 000 600 000

Receivables 1 550 000 1 200 000

Cash 600 000 300 000

total 6750 000 5 100 000

Equity and Liabilities

Share Capital (R2 per shares) 4 2 00 000 4 000 000

Retained in come 600 000 300 000

Long term debt 250 000 200 000

Payables 1 700 000 6 00 000

6 750 000 5 100 000

calculate the account period (days) , noting that Newtech ltd has after tough negotiation secured 90 day account with all creditors.calculate the return on equity.

Calculte the invetory turnover