URGENT

ited Kingdom). GE Required: Use the information for The Canada Company Ltd. for 2020 to calculate the following ratios, and to explain why you will use the ratios: 1. 2. 3. The following information was taken from the records of The Canada Company Ltd for 2020: Inventory, 1 January 2018 Accounts receivable, 1 January 2020 Cost of goods sold Net sales Accounts receivable turnover Days' sales in receivables Inventory turnover Inventory, 31 December 2020 Accounts receivable, 31 December 2020 Ratio calculation 1. 2. 3. Explanation 40 000 130 000 160 000 350 000 55 000 120 000 Focus