You have been provided Income Statement and Financial Position Statement of Oman Cement Company SAOG for the year 2018 and 2019.  You are required to evaluate the Working Capital position of this company for the year 2018 and 2019 based on following calculations: 1- Cash Operating Cycle in a tabular form (the attached file) and present Cash Operating Cycle in a diagram for both years separately (as shown in the attached file). ? 2- Based on the above calculation, give your overall view on the working capital situation of Oman Cement Company between the years 2018 and 2019. What are your suggestions to Oman Cement Company for strengthening Working Capital Management?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 2TP: Use a spreadsheet and the following financial information from Mineola Companys financial statements...
icon
Related questions
Topic Video
Question
100%

You have been provided Income Statement and Financial Position Statement of Oman Cement Company SAOG for the year 2018 and 2019.  You are required to evaluate the Working Capital position of this company for the year 2018 and 2019 based on following calculations:

1- Cash Operating Cycle in a tabular form (the attached file) and present Cash Operating Cycle in a diagram for both years separately (as shown in the attached file). ?

2- Based on the above calculation, give your overall view on the working capital situation of Oman Cement Company between the years 2018 and 2019. What are your suggestions to Oman Cement Company for strengthening Working Capital Management?   

Expert Solution
steps

Step by step

Solved in 3 steps with 4 images

Blurred answer
Knowledge Booster
Accounting Equation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Fundamentals Of Financial Management, Concise Edi…
Fundamentals Of Financial Management, Concise Edi…
Finance
ISBN:
9781337902571
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Intermediate Financial Management (MindTap Course…
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Entrepreneurial Finance
Entrepreneurial Finance
Finance
ISBN:
9781337635653
Author:
Leach
Publisher:
Cengage