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Question 1 - This question has 1 part (3 marks) The following information has been extracted from the financial statements of Muggie Pty. Ltd., a

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Question 1 - This question has 1 part (3 marks) The following information has been extracted from the financial statements of Muggie Pty. Ltd., a mug wholesaler. Accounts 2019 in thousands Cash $160 COGS $320 Accounts Receivable $307 Inventory $330 Bank Loan (5 years) $580 Accounts Payable $80 Property, Plant and Equipment $1,300 Sales $922 $80 Depreciation Expense - Motor Vehicle Wages Expense $50 Required: Calculate Times Debtors Ratio for the year 2019. Leave two (2) decimal places

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