Big Rock Brewery reported the following selected liquidity ratios: ___________________________________ 2012 _______________ 2011 Current ratio .................................... 1.7:1
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___________________________________ 2012 _______________ 2011
Current ratio .................................... 1.7:1 .................. 1.1:1
Cash current debt coverage .................1.8 times ................. 1.2 times
Both the current and cash current debt coverage ratios increased in 2012. What does this mean?
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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