Provide your recommendations for improving the financial condition of your company. (Note: Comment not more than 10 lines).

Provide your recommendations for improving the financial condition of your company. (Note: Comment not more than 10 lines).

Q1 ) Ratio Formula 2019 2018 Accounts receivable turnover Revenue/ Average Account Receivable Average Account Receivable Average Account Receivable ($36,833,962+$35,166,990/2) (S35,166,990+S40,535,186/2) - =$36,000,476 =$37,851,088 Average Account Receivable = (Account Receivable of current year + Account Receivable of previous year 72) Revenue = $309,539,034 Accounts receivable turnover Accounts receivable turnover =S307,372,915/$37,851,088 =$309,539,034/S36,000,476=8.12times =8.59 times Collection 365days/ Account Receivable Period Turnover 365days/8.59 times 365days/ 8.12 =42.45days =44.94days Inventory turnover Cost of Goods sold/ Average Inventory Average Inventory = (Inventory Current Year + Inventory Previous year /2) Average Inventory = Cost of sales = $197,610,952 ($24,297,063+$25,414,315/2) Average Inventory turnover =$24,855,689 ($25,414,315+S24,857,496/2) Cost of sales =$204,250,655 =$25,135,905,5 Inventory turnover =S204,250,655/S24,855,689 Inventory turnover = $197,610,952/S25,135,905.5 =8.217 times =7.86 times 365 days/ Average Inventory 365days / 8.217times 365days/7.86 Days' sales in inventory =44.42days =46.41days