Question

5.2 Comment on the following ratios: | | 2022 | 2021 | | :--- | :--- | :--- | | 5.2.1 Inventory turnover | 3.10 times | 6.35 times | | 5.2.2 Debtors collection period | 56.41 days | 29.45 days | | 5.2.3 Return on equity | 13.11% | 18.80% |

          5.2 Comment on the following ratios:

| | 2022 | 2021 |
| :--- | :--- | :--- |
| 5.2.1 Inventory turnover | 3.10 times | 6.35 times |
| 5.2.2 Debtors collection period | 56.41 days | 29.45 days |
| 5.2.3 Return on equity | 13.11% | 18.80% |

5.2 Comment on the following ratios:

| | 2022 | 2021 |
| :— | :— | :— |
| 5.2.1 Inventory turnover | 3.10 times | 6.35 times |
| 5.2.2 Debtors collection period | 56.41 days | 29.45 days |
| 5.2.3 Return on equity | 13.11% | 18.80% |

Added by Tammy J.

Prealgebra

Tom Carson 4th Edition

Chapter 7

Instant Answer

Solved by Expert Matthew Wagner

11/07/2023

Step 1

Inventory turnover: The inventory turnover ratio measures how efficiently a company is managing its inventory. A higher ratio indicates that the company is selling its inventory quickly, which is generally a positive sign. In this case, the inventory turnover Show more…

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