c) Comment on - LIQUIDITY RATIO CURRENT RATIO:CURRENT ASSETS/ CURRENT LIABILITIES 2020:335.9/(344.4)=1:0.97 2019:194.8/(249.3)=1:0.78 QUICK RATIO (acid test): CURRENT ASSETS- INVENTORY/ CURRENT LIABILITIES 2020:335.9-68.0/(344.4)=267.9/(344.4)=1:0.77 2019:194.8-77.8/(249.3)=1:0.46 EFFICIENCY AND WORKING CAPITAL RATIO ASSET TURNOVER: REVENUE/ TOTAL ASSETS 2020:847.1/3029.8=0.27 times 2019:824.3/2231.0=0.36 times DAYS INVENTORY OUTSTANDING: INVENTORIES/COS*365 2020:68.0/(549.6)*365=45.1 days 2019:77.8/(542.6)*365=52.3 days TRADE RECIEVABLE DAYS: TRADE RECIEVABLE/ REVENUE*100 2020:89.1/847.1*365=38.3 days 2019:89.2/824.3*365=39.4 days TRADE PAYABLE DAYS: TRADE PAYABLE/ PURCHASES*365 2020: (249.7)/(549.6)*365=165.8 days 2019: (238.0)/(542.6)*365=160 days CASH CONVERSION CYCLE: DAYS INV OUTSTANDING+DAYS RECIEVABLE- DAYS PAYABLE. 2020:45.1+38.3-165.8= (82.4) 2019:52.3+39.4-160= (68.3)