Question
Question 6 An analysis of the liquidity and efficiency ratios for XYZ Trading shows the following results. Ratio Current ratio 2022 2021 2.5 2.0
Question 6 An analysis of the liquidity and efficiency ratios for XYZ Trading shows the following results. Ratio Current ratio 2022 2021 2.5 2.0 Acid-test ratio Days' sales uncollected 0.7 0.9 42 days 30 days Days' sales in inventory 29 days 15 days Days' purchases in accounts payables 76 days 30 days Use the above financial ratios to evaluate the financial performance of XYZ Trading. Question 7 (11 marks)
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Comparative international accounting
Authors: Christopher nobes, Robert parker
9th Edition
273703579, 978-0273703570
