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Please can someone assit me. I am really stuck with this question Based on the above financial statements for two consecutive years, calculate the following
Please can someone assit me. I am really stuck with this question
Based on the above financial statements for two consecutive years, calculate the following ratios of both years and compare it with the provided industry norms. Show formulas, calculations and comparison to industry norm. 3.1) Current Ratio (Industry Norm: 2:1) 3.2) Stock turnover Ratio (Industry Norm: 2.5 times) 3.3) Number of days in stock (360-day year) (Industry Norm: 75 days) 3.4) Number of days in Debtors ( 360 day year) (Industry Norm: 45 days) 3.5) Gross Profit (Industry Norm: 50\%) Based on the above financial statements for two consecutive years, calculate the following ratios of both years and compare it with the provided industry norms. Show formulas, calculations and comparison to industry norm. 3.1) Current Ratio (Industry Norm: 2:1) 3.2) Stock turnover Ratio (Industry Norm: 2.5 times) 3.3) Number of days in stock (360-day year) (Industry Norm: 75 days) 3.4) Number of days in Debtors (360 day year) (Industry Norm: 45 days) 3.5) Gross Profit (Industry Norm: 50\%)
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