Willow Ltd has issued ordinary shares only. The company has been successful and has a gross profit rate of 20%. The information shown below was taken from the company's financial statements.
Compute the following:
(a) Receivables turnover and the average number of days required to collect the accounts receivable.
(b) The inventory turnover and the average days in inventory.
(c) Return on ordinary shareholders' equity.

Question

Willow Ltd has issued ordinary shares only. The company has been successful and has a gross profit rate of 20%. The information shown below was taken from the company's financial statements.
  Compute the following:
(a) Receivables turnover and the average number of days required to collect the accounts receivable.
(b) The inventory turnover and the average days in inventory.
(c) Return on ordinary shareholders' equity.

Quizplus · Accepted Answer

The Answer of Willow Ltd has issued ordinary shares only. The company has been successful and has a gross profit rate of 20%. The information shown below was taken from the company's financial statements.
  Compute the following:
(a) Receivables turnover and the average number of days required to collect the accounts receivable.
(b) The inventory turnover and the average days in inventory.
(c) Return on ordinary shareholders' equity.

Willow Ltd Has Issued Ordinary Shares Only