TASK 10.3 % The Caprice Ltd.: Calculations, Interpretation dealer, on 28 February 20.9. This company sells for cash and on credit; all purchases are on credit. Cost of sales is equal to purchases. Required: 10.3.1 10.3.2 Calculate the following for 20.9. (The previous year's indicators are provided in brackets). (a) Stock turnover rate. (20.8: 10 times) (b) Number of days for which enough stock is on hand. (20.8: 60 days) (c) Debtors collection period (in days). (d) Creditors payment period (in days). (20.8: 37 days) (20.8: 19 days) Explain the meaning of the calculations above. Comment on your observations and make your recommendations. Information: Who Statement of Comprehensive Income for the year ended
