Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Almeria company is running its business since 2000 in sultanate of Oman. It has Cash in hand OMR 40,000, Debtors OMR 20,000, Stock in Hand

image text in transcribed
image text in transcribed
Almeria company is running its business since 2000 in sultanate of Oman. It has Cash in hand OMR 40,000, Debtors OMR 20,000, Stock in Hand OMR 10,000, Creditors OMR 15,000 Bank Overdraft OMR 15,000, Capital OMR 60,000. The company asks the accountant Ms. Amal to calculate quick ratio? What is the result Ms. Amal gives to them? Ob.3 Ocz O d. None Oman ceramics LC has average inventory conversion period of 72 days, average payment period of 62,5 days, cash conversion cycle of the company is 90 days. Find out the Average collection period of the company? a. + 99.5 days b. + 80.5 days OC-80 days O d.+ 96.5 days

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

Step: 3

blur-text-image

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

Nuclear Auditing Handbook A Guide For Quality Systems Practitioners

Authors: Charles Moseley, Norman Moreau, Karen Douglas

1st Edition

1636940072, 978-1636940076

More Books

Students also viewed these Accounting questions