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Question 6 The following summary information were obtained from A2A Play Store and its competitor, the B2B Play Store. A2A Play Store B2B Play Store

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Question 6 The following summary information were obtained from A2A Play Store and its competitor, the B2B Play Store. A2A Play Store B2B Play Store At 31 December 2019 $ S Stocks 380,000 548,000 Debtors 344,000 702,000 Creditors 212,000 296,000 2,400,000 1,800,000 3,800,000 2,800,000 Year to 31 December 2020 Sales (all on credit) Cost of goods sold At 31 December 2020 Cash Debtors Stocks Prepayment Creditors Bank overdraft 50,000 348,000 432,000 50,000 228,000 132,000 120,000 444,000 576,000 84,000 300,000 180,000 You are required to calculate the following ratios for A2A Play Store and B2B Play Store as at 31 December 2020. (5 marks each; 20 marks) Current ratio (a) Acid test ratio (b) Debtors' turnover (days) Stock turnover (days) Creditors' turnover (days)

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