Posted: December 7th, 2015
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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