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Additional information: Inventory at the beginning of 2018 was $350,000. Receivables at the beginning of 2018 were $80,000, net of an allowance for doubtful debts
Additional information:
- Inventory at the beginning of 2018 was $350,000.
- Receivables at the beginning of 2018 were $80,000, net of an allowance for doubtful debts account of $3,000.
- Total assets at the beginning of 2018 were $1,175,000.
- No share capital transactions occurred during 2018 or 2019.
- All sales were on account.
Please calculate the following ratios, for 2019 and 2018, using the information from Mario Ltd:
- Liquidity: Current, Quick, Receivables Turnover, and Inventory Turnover.
- Profitability: Profit Margin, Asset Turnover, Return on Assets, and Earnings Per Share
- How can Mario Ltd improve their Receivables Turnover and their Inventory Turnover?
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