Ratio analysis 2: liquidity, working capital, and long-term financial stability
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not completed
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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:
11.74 days
correct
incorrect
18.07 days
correct
incorrect
28.29 days
correct
incorrect
32.00 days
correct
incorrect
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not completed
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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:
14.53 days
correct
incorrect
22.35 days
correct
incorrect
35.00 days
correct
incorrect
46.05 days
correct
incorrect
*
not completed
.
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:
29.94 days
correct
incorrect
46.05 days
correct
incorrect
72.11 days
correct
incorrect
81.56 days
correct
incorrect
*
not completed
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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:
35.11 days
correct
incorrect
36.86 days
correct
incorrect
90.69 days
correct
incorrect
95.22 days
correct
incorrect
*
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, inventory days at 31 August 2021 are:
60.23 days
correct
incorrect
43.02 days
correct
incorrect
25.81 days
correct
incorrect
18.07 days
correct
incorrect
*
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:
16.26 days
correct
incorrect
27.10 days
correct
incorrect
40.66 days
correct
incorrect
54.21 days
correct
incorrect
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