Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to  each multiple choice question.
Each question is worth 2 marks.

Xena has the following working capital ratios:
                                                                                       20X9                    20X8
Current ratio                                                                   1·2:1                     1·5:1
Receivables days                                                         75 days                 50 days
Payables days                                                              30 days                 45 days
Inventory turnover                                                       42 days                 35 days

Which of the following statements is correct?
A Xena’s liquidity and working capital has improved in 20X9
B Xena is receiving cash from customers more quickly in 20X9 than in 20X8
C Xena is suffering from a worsening liquidity position in 20X9 
D Xena is taking longer to pay suppliers in 20X9 than in 20X8

 

Answer:

C

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