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Anston Ltd . Rempel Co . Daschle Inc.Inventory turnover in days 3 0 9 0 3 0 Accounts receivable turnover in days 1 0 3

Anston Ltd.Rempel Co. Daschle Inc.Inventory turnover in days309030Accounts receivable turnover in days10300Accounts payable turnover in days306090Sales (CAD thousand)5,0008,00010,000Cost of sales (CAD thousand)3,0004,0005,000Desired cash balance (CAD thousand)100150200 REQUIRED: 1.How long are the net operating cycles for Anston, Rempel, and Daschle? 2. Calculate the appropriate current ratio for each company. 3.What do the results in Part 2 indicate?

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