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Use the following data to calculate the requested ratios for Tristar Transport and Logistic Services. Briefly analyse each answer. 1) Days accounts receivable. 2)

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Use the following data to calculate the requested ratios for Tristar Transport and Logistic Services. Briefly analyse each answer. 1) Days accounts receivable. 2) Inventory turnover. 3) Debt/equity. 4) Total asset turnover (asset utilisation). 5) Finance cost-to-sales ratio. Assets Cash R'000 Liabilities and equity R'000 320 Accounts payable 580 Accounts receivable 910 Accrues expenses 190 Inventory 690 Notes payable - bank 480 Current assets 1 920 Current maturing long-term debt 95 Fixed assets 1 325 Current liabilities 1345 Total assets *Prior-period inventory was 180 Long-term debt Equity 3 245 Total liabilities and equity 690 1 210 3 245 Income statement R'000 Net sales 9 725 Cost of goods sold 6 200 Operating expenses 2 550 Interest expense 105 Other income Other expenses Taxes Net income 5 50 118 707

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