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both pictures are one question Quesnon 6 Not yet answered Marind out of 100 You have the following balance sheet and income statement of Zaina
both pictures are one question
Quesnon 6 Not yet answered Marind out of 100 You have the following balance sheet and income statement of Zaina Corporation: question Assets Current Assets Cash Inventory Accounts Receivable Zaina Corporation Balance Sheet as of December 31, 2019 (AED Million) Liabilities and Shareholders' Equity 13,000 Current Liabilities 9,000 3,000 Accounts Payable 4,500 4,500 Accruals 1,500 2.500 Notes Payable 3,000 3,000 No-current Liabilities 15,000 17,000 Total Liabilities 24,000 Shareholders' Equity Capital Retained Earnings 30,000 Short-term Investments Non-current Assets 400 Total Assets Revenues (Total Sales) Cost of Goods Sold (COGS Gross Profit Zaina Corporation Income Statement 2019 (AED million) 19,625 16,425 3.200 1.900 1,300 3,650 -750 Other Operating costs Operating Profit Net Financing and Other Revenues Taxes Net Income (Profit) 4,200 Use both the balance sheet and the income statement of Zaina Corporation to calculate the inventory tunover (in number of days) Note: Insert answer without symbols or commas or decimals or the word days (Example: Do not insert 29 days but insert 29 instead) Answer Previous par Step by Step Solution
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