1. The following extracts are taken from the financial statements of three companies at 31 December 2011 Aybee Ltd Beecee Ltd Deeyee Ltd From SOCI Sales Opening inventory Purchases Closing inventory Gross profit From SOFP Trade receivables Trade payables €000 1,450 6,170 7,620 1,820 €000 8,200 5,800 2,400 2,220 1,678 €000 900 4,568 5,468 880 €000 6,200 4,588 1,612 1,020 730 €000 1,480 5,840 7,320 960 €000 9,500 6,360 3,140 2,980 930 a) Calculate the following ratios for all three companies gross profit margin trade payable days trade receivable days inventory days b) Compare the ratios of the three companies and comment on them
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