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Preston has inventory turnover of six times.
The year‐end receivables collection period is 49 days.
Cost of sales for the year was $1,690,000 Credit purchases for the year were $2,150,000.
Preston’s cash cycle at 31 December 20X7 was 73 days
All calculations should be made to the nearest full day, and the trading year has 365 days.
What is Preston’s trade payables collection period as at 31 December 20X7?__________days
STATEMENT OF PROFIT OR LOSS
Profit before tax 900
Income tax expense (100)
Profit for the year 800At 30 September 20X4 the market price of Beta Co's shares was $1.50. What was the P/E ratio on that date?
Gross profit margin 42%
Current ratio 2.14
Asset turnover 4.19
Inventory turnover 11.4What is the profit margin?
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