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The following data has been extracted from Supermarkets Poland Group financial statements (mainly a cash sales business):                                                  Year 2019 2020       Current assets 437,239 341,153       Current liabilities 185,900 140,442       Inventory 367,176 305,767       Cost of Sales 2,034,917 1,862,031         Required: Calculate the Group’s liquidity ratios (current, liquid and working capital) and inventory turnover for each year.

The following data has been extracted from Supermarkets Poland Group financial statements (mainly a cash sales business):                                                  Year 2019 2020       Current assets 437,239 341,153       Current liabilities 185,900 140,442       Inventory 367,176 305,767       Cost of Sales 2,034,917 1,862,031         Required: Calculate the Group’s liquidity ratios (current, liquid and working capital) and inventory turnover for each year.

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 6MCQ
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Question

The following data has been extracted from Supermarkets Poland Group financial statements (mainly a cash sales business):

 

                                              

Year

2019

2020

 

 

 

Current assets

437,239

341,153

 

 

 

Current liabilities

185,900

140,442

 

 

 

Inventory

367,176

305,767

 

 

 

Cost of Sales

2,034,917

1,862,031

 

 

 

 

Required:

Calculate the Group’s liquidity ratios (current, liquid and working capital) and inventory turnover for each year.

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