Question
With the following information, calculate the company's cash conversion efficiency ratio for 2020: Profit for the year $200,000, depreciation $55,000, trade receivables $350,000, inventories $450.000,
With the following information, calculate the company's cash conversion efficiency ratio for 2020: Profit for the year $200,000, depreciation $55,000, trade receivables $350,000, inventories $450.000, trade and other payables $400,000, revenue $2,000,000. Assume that in 2019 the company's net working capital was $350,000. Please show all calculations.
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AQA AS Accounting Unit 1 Introduction To Financial Accounting
Authors: Brendan Casey
1st Edition
1499789653, 978-1499789652
