Posted: December 7th, 2015

Finance exercise

Finance exercise

1.    The following extracts are taken from the financial statements of three companies at 31 December 2011
Aybee Ltd    Beecee Ltd    Deeyee Ltd
From SOCI
Sales
Opening inventory
Purchases

Closing inventory

Gross profit
From SOFP
Trade receivables
Trade payables    €000

1,450
6,170
7,620
1,820    €000
8,200

5,800
2,400

2,220
1,678    €000

900
4,568
5,468
880    €000
6,200

4,588
1,612

1,020
730    €000

1,480
5,840
7,320
960    €000
9,500

6,360
3,140

2,980
930

a) Calculate the following ratios for all three companies
gross profit margin
trade payable days
trade receivable days
inventory days

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