Answer the following questions according to the picture Question A17 What is the trade receivable (debtor) days of Moopay Ltd? (round to the nearest whole day) Question A18 What is the inventory (stock) days of Moopay Ltd? (round to the nearest whole day) Question A19 What was the gross profit margin for Moopay Ltd for the year ended 31 March 2021? (2d.p) The following information relates to questions A17 – A19:Extracts from the SFP of Moopay Ltd as at the year ended 31 March 2021£'000Current assetsInventories30Trade receivables15Bank balance25Total current assets70Extracts from the SPL of Moopay Ltd for the year ended 31 March 2021£'000Revenue350Cost of Sales200Gross Profit150

Debtors days = Trade Receivables/ Sales Revenue * 365 Inventory days = Inventory/ Cost of Sales *…

Answer the following questions according to the picture Question A17 What is the trade receivable (debtor) days of Moopay Ltd? (round to the nearest whole day) Question A18 What is the inventory (stock) days of Moopay Ltd? (round to the nearest whole day) Question A19 What was the gross profit margin for Moopay Ltd for the year ended 31 March 2021? (2d.p)

Answer the following questions according to the picture Question A17 What is the trade receivable (debtor) days of Moopay Ltd? (round to the nearest whole day) Question A18 What is the inventory (stock) days of Moopay Ltd? (round to the nearest whole day) Question A19 What was the gross profit margin for Moopay Ltd for the year ended 31 March 2021? (2d.p)

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.5P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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