Over the past year. M. D. Ryngaert & Co. has realized an increase in its current ratio
Question:
Over the past year. M. D. Ryngaert & Co. has realized an increase in its current ratio and a drop in its total assets turnover ratio. However, the company's sales, cash and marketable securities.
DSO, and fixed assets turnover ratio have remained constant. WTiat explains these changes?
AppendixLO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamentals Of Financial Management Concise
ISBN: 9780324258721
4th Edition
Authors: Eugene F. Brigham, Joel F. Houston
Question Posted: