70.2K

Verified Solution

Question

Accounting

image

image

Answer the questions from the information provided. 3.1 Calculate the ratios for 2021 (answers expressed to two decimal places) that would reflect each of the following: 3.1.1 The percentage of profit on sales that the company produced from its operations prior to considering interest and taxes. (2 marks) 3.1.2 The amount of time it takes for the company's clients to settle their (2 marks) debts. 3.1.3 The number of times the company has sold and replenished its inventory during the year. (2 marks) 3.1.4 The portion of the company's profit allocated to each outstanding ordinary (2 marks) share. 3.1.5 The amount of time it takes for the company to settle its debts arising from credit purchases. (2 marks) 3.1.6 A measure of the company's ability to pay its short-term obligations within one year. (2 marks) 3.1.7 The percentage of total assets that is financed by creditors instead investors. (2 marks) Answer the questions from the information provided. 3.1 Calculate the ratios for 2021 (answers expressed to two decimal places) that would reflect each of the following: 3.1.1 The percentage of profit on sales that the company produced from its operations prior to considering interest and taxes. (2 marks) 3.1.2 The amount of time it takes for the company's clients to settle their (2 marks) debts. 3.1.3 The number of times the company has sold and replenished its inventory during the year. (2 marks) 3.1.4 The portion of the company's profit allocated to each outstanding ordinary (2 marks) share. 3.1.5 The amount of time it takes for the company to settle its debts arising from credit purchases. (2 marks) 3.1.6 A measure of the company's ability to pay its short-term obligations within one year. (2 marks) 3.1.7 The percentage of total assets that is financed by creditors instead investors. (2 marks)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students