Ratios 2020 2019 2018 Debt Ratio 0.34 0.31 0.31 Inventory days 5.40 5.76 5.44

Financial Leverage 0.66 4.03 0.86

Accounts Receivable Turnover 17.02 11.34 11.45 Accounts Receivable Days 21.44 32.18 31.87 Accounts Payable Turnover 2.80 2.44 2.05 Accounts Payable Days 130 149 177

Question: Please Explain and analyse all these ratios. Explain all ratios in the following manner;

1. What type of ratio is this?

2. What is meant by this ratio?

3. Three years comparative analysis

4. Recommendation