MAKE A BASIS AND DISCUSSION ON THE EFFICIENCY RATIO OF NESTLE (ASSET TURNOVER, INVENTORY TURNOVER, RECEIVABLES TURNOVER, AND AVERAGE COLLECTION PERIOD (DAYS). Ratio AnalysisEfficiencyAsset turnoverInventory turnoverReceivables turnoverSummary of Financial Ratios of Nestle20202019Average collection period (days)0.684.2547.84946.5190.7244.9937.86746.323Industry Average449 days68 days34 days

Efficiency ratios are the ratios that are calculated to check the efficiency of the organization or…

Answered: MAKE A BASIS AND DISCUSSION ON THE…

MAKE A BASIS AND DISCUSSION ON THE EFFICIENCY RATIO OF NESTLE (ASSET TURNOVER, INVENTORY TURNOVER, RECEIVABLES TURNOVER, AND AVERAGE COLLECTION PERIOD (DAYS).

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 63BE: Asset Efficiency Ratios Rumsford Inc.s financial statements for 2019 indicate the following account...

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Concept explainers

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.

Question

MAKE A BASIS AND DISCUSSION ON THE EFFICIENCY RATIO OF NESTLE (ASSET TURNOVER, INVENTORY TURNOVER, RECEIVABLES TURNOVER, AND AVERAGE COLLECTION PERIOD (DAYS).

Ratio Analysis
Efficiency
Asset turnover
Inventory turnover
Receivables turnover
Summary of Financial Ratios of Nestle
2020
2019
Average collection period (days)
0.68
4.254
7.849
46.519
0.724
4.993
7.867
46.323
Industry Average
449 days
68 days
34 days

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