ILO
Candidates should understand the financial efficiency ratios:
> asset turnover
> inventory [stock] turnover
> payables [creditor] days
> receivables [debtor] days
> asset turnover
> inventory [stock] turnover
> payables [creditor] days
> receivables [debtor] days
Financial Efficiency
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Payables [creditor] days & Receivables [debtor] days
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UK Debt
318 people are declared insolvent or bankrupt everyday (based on Q4 2011 trends). This is equivalent to 1 person every 62 seconds during each working day.
The average amount owed per UK adult (including mortgages) was £29,634 in January. This was around 122% of average earnings. Average consumer borrowing (including credit cards, motor and retail finance deals, overdrafts and unsecured loans) per UK adult was £4,221 in January. http://www.debtsimple.co.uk/uk-debt-statistics.shtml Wonga to write off £220m of customer debts |
Stock Turnover
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   Why is stock turnover important for effeicency?
Why are the above photos relevant for stock turnover? What methods are available to improve stock turnover? England shirt prices cut as official store counts cost of World Cup hosts’ demise |
Asset Turnover
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About 2,200 staff at JJB Sports are to be made redundant after the sports clothes and equipment retailer was placed into administration. The administrators said they had managed to save 550 jobs after selling part of the business to Sports Direct.
JJB's High Street rival is buying the website and 20 of its stores, which will be rebranded Sports Direct. The remaining 133 JJB stores are to close immediately, the administrators KPMG said. The Wigan-based retailer was hurt by the economic downturn and struggled to compete with Sports Direct. http://www.bbc.co.uk/news/business-19792124 Video |