home / study / business / accounting / accounting questions and answers/abc inc. is a corporation with a focus on garment and textile manufactur... Question: ABC Inc. is a Corporation with a focus on Garment and textile ... ABC Inc. is a Corporation with a focus on Garment and textile manufacturing in the UAE. They are now looking to finance their new project, are looking for a bank to give them a loan. Find the following ratios, interpret and analyze them: a. Current Ratio b. Acid Test Ratio c. Times Interest Earned Ratio d. Debt Ratio e Accounts Receivable Turnover f. Inventory Turnover 9. Days Sales in Inventory h. Average Collection Period Based on the ratios calculated above. Can we conclude if any bank would easily give a loan to us? Justify the answer on the information below of Standalone Standalone statement of comprehensive income Year ended 31 December 2019 2018 AED AED Note Revenue Cost of sales 12 13 967,215,339 (862,141,258) 813,481 889 (722094 232) 21 W tv home / study / business / accounting / accounting questions and answers/abc inc. is a corporation with a focus on garment and textile manufactur... Question: ABC Inc. is a Corporation with a focus on Garment and textile ... ABC Inc. is a Corporation with a focus on Garment and textile manufacturing in the UAE. They are now looking to finance their new project, are looking for a bank to give them a loan. Find the following ratios, interpret and analyze them: a. Current Ratio b. Acid Test Ratio c. Times Interest Earned Ratio d. Debt Ratio e Accounts Receivable Turnover f. Inventory Turnover 9. Days Sales in Inventory h. Average Collection Period Based on the ratios calculated above. Can we conclude if any bank would easily give a loan to us? Justify the answer on the information below of Standalone Standalone statement of comprehensive income Year ended 31 December 2019 2018 AED AED Note Revenue Cost of sales 12 13 967,215,339 (862,141,258) 813,481 889 (722094 232) 21 W tv