PART 3 (8 marks) QUESTION Asset Efficiency Analysis 3 marks: Ratio workings and answers 1) Debtor days ratio 5 marks: Ratio explanations Liquidity Analysis 8 marks: TOTAL 2) Current ratio Capital Structure Analysis 3) Debt coverage ratio QUESTION 2 (4 marks) From the following data from Cedar Park Enterprise, calculate the receipts of accounts receivable for July, August and September 2021. ACTUAL ESTIMATED May June July August September Credit Sales $160,000 $85,000 $1 12,500 $87,400 $163,200 Credit sales are normally settled according to the following pattern: 25 per cent in the month of sale, 40 percent in the month following the sale and the remainder in the second month following the sale