llockstein llockstein

13-04-2024
Mathematics

Answered

calculate the company's cash conversion efficiency ratio for 2020: Profit for the year $200,000; Depreciation $55,000; Trade receivables $350,000; Inventories $450,000; Trade and other payables $400,000; Revenue $2,000,000. Assume that in 2019 the company's net working capital was $350,000

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