QUESTION 2 The tables below present business situations in three different companies. ...
70.2K
Verified Solution
Link Copied!
Question
Accounting
QUESTION 2
The tables below present business situations in three different companies.
- Daffodile Ltd
|
| 2019 | 2018 |
| Current ratio | 3.1:1 | 2.1:1 |
| Quick ratio | 0.8:1 | 1.4:1 |
| Inventory turnover | 165 days | 110 days |
|
| 2019 | 2018 |
| Average settlement period for accounts receivable | 63 days | 21 days |
| Average settlement period for accounts payable | 50 days | 48 days |
Based on the above ratios, write a comment on the liquidity in the company. (9 points)
- Hibiscus Ltd
Based on the above ratios, write a comment on the efficiency in the company. (7 points)
- Daisy Ltd
|
| 2019 | 2018 |
| Gross profit margin | 40% | 15% |
| Profit margin | 10% | 10% |
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.