06 Jan Question 10 (4 marks)WD Boots sells a range of wor
Question 10 (4 marks)WD Boots sells a range of work boots to businesses and the public. In January 2015, the business moved tosmaller rented premises to reduce costs and commence online sales. The business will require a significantcomputer upgrade. The owner of the business hopes that the growth of online shopping will enable thebusiness to maintain existing sales levels in 2015.The following financial indicators have been calculated.31 December 2013 2014 2015Working Capital Ratio 3:1 2.9:1 2:1Stock Turnover 60 days 62 days 41 daysReturn on Assets 15% 15% 18%Explain how the changes in the business operations have led to the results above
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