Question 34 Not yet answered The following information is extracts from the financial statements of the Al sharqia fisheries company for the 31" December 2020 Marked out of 400 Average accounts Payable OMR 36.550 Flag question Average Accounts Receivable OMR 25,000 Average Inventory OMR 60,000 Average Fixed assets OMR 95.000 Net sales OMR 125.000 Net Purchases OMR 155.000 Fixed Liabilities OMR 220.000 Cost of goods sold OMR 250,000 From the above information answer the following questions 1. What is the Average inventory conversion period? 73 days 87.6 Days 86 days 157.6 Days 2. What is the Average Payment Period? 3. What is the average receivable collection Period? Queston 34 Not yet answered The following information is extracts from the financial statements of the Al sharqia fisheries company for the 31 December 2020 Marked out of 4.00 Average accounts Payable OMR 36.550 Pag question Average Accounts Receivable OMR 25,000 OMR 60,000 Average Inventory Average Fixed assets OMR 95.000 Net sales OMR 125.000 Net Purchases OMR 155,000 Fixed Liabilities OMR 220.000 Cost of goods sold OMR 250.000 From the above information answer the following questions 1. What is the Average inventory conversion period? 2. What is the Average Payment Period? 87.6 Days 86 Days 157.6 Days 3. What is the average receivable collect 73 days Question 34 Not yet answered The following information is extracts from the financial statements of the Al sharqia fisheries company for the 31st December 2020 Marked out of 4.00 Average accounts Payable OMR 36.550 P Flag question Average Accounts Receivable OMR 25.000 Average Inventory OMR 60.000 Average Fixed assets OMR 95.000 Net sales OMR 125.000 Net Purchases OMR 155.000 Fixed Liabilities OMR 220,000 Cost of goods sold OMR 250.000 From the above information answer the following questions 1. What is the Average inventory conversion period? 2. What is the average Payment Period? 87.6 Days 73 Days 157.6 Days 86 Days 3. What is the average receivable collection Period? Not yet wered The following information is extracts from the financial statements of the Al sharqia fisheries company for the 31 December 2020 Marked out of 4.00 Average accounts Payable OMR 36.550 Rag question Average Accounts Receivable OMR 25,000 Average Inventory OMR 60,000 Average Fixed assets OMR 95,000 Net sales OMR 125.000 Net Purchases OMR 155,000 Fixed Liabilities OMR 220.000 Cost of goods sold OMR 250,000 From the above information answer the following questions 1. What is the average inventory conversion penod? 2. What is the average Payment Period? 3. What is the average receivable collection Period? 746 Days 71.4 Days 100.6 Days 35.5 Days 4. What is the cash conversion Cycle? Question 36 Not yet Average inventory is equal to: answered Marked out of 1.00 (Opening inventory.closing inventory)/2 (Opening inventory + closing inventory)/2 (Opening inventory + purchases + wages-closing inventory12 (Opening inventory - purchases + wages closing inventory/2 Flag
