Ratio analysis 2: liquidity, working capital, and long-term financial stability

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. Zain Limited presents the following balances in the financial statements for the year ended 31 May 2021:
Total sales for the year to 31 May 2021: £9,875,000
Credit sales included in total sales for the year to 31 May 2021: £3,625,000
Inventories at 31 May 2021: £810,000
Cost of sales for the year to 31 May 2021: £6,420,000
Credit purchases included in cost of sales for the year to 31 May 2021: £4,100,000
Trade receivables at 31 May 2021: £317,800
Trade payables at 31 May 2021: £393,150
Based on the above information, receivables days at 31 May 2021 are:

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. Zain Limited presents the following balances in the financial statements for the year ended 31 May 2021:
Total sales for the year to 31 May 2021: £9,875,000
Credit sales included in total sales for the year to 31 May 2021: £3,625,000
Inventories at 31 May 2021: £810,000
Cost of sales for the year to 31 May 2021: £6,420,000
Credit purchases included in cost of sales for the year to 31 May 2021: £4,100,000
Trade receivables at 31 May 2021: £317,800
Trade payables at 31 May 2021: £393,150
Based on the above information, payables days at 31 May 2021 are:

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. Zain Limited presents the following balances in the financial statements for the year ended 31 May 2021:
Total sales for the year to 31 May 2021: £9,875,000
Credit sales included in total sales for the year to 31 May 2021: £3,625,000
Inventories at 31 May 2021: £810,000
Cost of sales for the year to 31 May 2021: £6,420,000
Credit purchases included in cost of sales for the year to 31 May 2021: £4,100,000
Trade receivables at 31 May 2021: £317,800
Trade payables at 31 May 2021: £393,150
Based on the above information, inventory days at 31 May 2021 are:

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. Aqeela Limited presents the following balances in the financial statements for the year ended 31 August 2021 (all figures are in £000):
Total sales for the year to 31 August 2021: £25,250
Cash sales included in total sales for the year to 31 August 2021: £10,100
Inventories at 31 August 2021: £1,250
Gross profit for the year to 31 August 2021: £7,575
Credit purchases for the year included in cost of sales to 31 August 2021: £10,605
Trade receivables at 31 August 2021: £1,125
Current liabilities at 31 August 2021 (including trade payables of £1,020): £2,635
Based on the above information, payables days at 31 August 2021 are:

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. Aqeela Limited presents the following balances in the financial statements for the year ended 31 August 2021 (all figures are in £000):
Total sales for the year to 31 August 2021: £25,250
Cash sales included in total sales for the year to 31 August 2021: £10,100
Inventories at 31 August 2021: £1,250
Gross profit for the year to 31 August 2021: £7,575
Credit purchases for the year included in cost of sales to 31 August 2021: £10,605
Trade receivables at 31 August 2021: £1,125
Current liabilities at 31 August 2021 (including trade payables of £1,020): £2,635
Based on the above information, inventory days at 31 August 2021 are:

not completed
. Aqeela Limited presents the following balances in the financial statements for the year ended 31 August 2021 (all figures are in £000):
Total sales for the year to 31 August 2021: £25,250
Cash sales included in total sales for the year to 31 August 2021: £10,100
Inventories at 31 August 2021: £1,250
Gross profit for the year to 31 August 2021: £7,575
Credit purchases for the year included in cost of sales to 31 August 2021: £10,605
Trade receivables at 31 August 2021: £1,125
Current liabilities at 31 August 2021 (including trade payables of £1,020): £2,635
Based on the above information, receivables days at 31 August 2021 are: