MEG Energy is the company in question

1.Why the net working capital turnover ratio might be of interest to investors or creditors?10 marks

2.Explanation what the working capital turnover ratio means and what it is attempting to measure?10 marks

please have a detailed explanation for both.

MEG Energy Corp. is a Canadian oil sands company focused on sustainable in situ development and production in the southern Athabasca oil sands region of Alberta. MEG has acquired a large, high- quality resource base - one that we believe holds some of the best in situ resources in Alberta. With these resources and a well-formulated strategic growth plan, MEG is positioned to be a strong oil sands player for many years to come. MEG continually seeks opportunities to incorporate technologies that can strengthen our marketing options and develop additional opportunities. These include our Diluent Removal Facility and Hl-Q demonstration project. In 2013, MEG announced plans to construct a diluent removal facility that will be connected to the Stonefell Terminal. This technology will recycle diluents needed to move our heavy crude by rail and return them to our Christina Lake project via the Access Pipeline. The resulting product "railbit", can be transported by rail to refining markets across the continent. MEG's proprietary HI-Qtechnology has been successfully demonstrated on a smaller scale to modify bitumen blends to a product suitable for shipping by pipeline without diluent, at significantly reduced environmental impacts relative to conventional oil sands upgrading processes. In 2014, MEG commenced construction of the HI-Q Field Demonstration Pilot. As part of our overall marketing efforts, these technologies are focused on reducing both our diluent requirements and our transportation costs. Guiding the development of our resource base and strategic plans is a highly experienced te company is home to some of the industry's top talent, boasting decades of experience that span nearly every thermal oil sands project developed in Alberta over the past 20 years. We hire individuals who share our commitment to excellence in all that we do and those who are passionate about responsible energy development