=+Holly: Your responses have not been reassuring to me. Doug: Im a little confused. Assets are good,

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=+Holly: Your responses have not been reassuring to me.

Doug: I’m a little confused. Assets are good, right? Why don’t you look at our current ratio? It has improved, hasn’t it? I would think that you would view that very favorably.

Why is Holly concerned about the inventory and accounts receivable turnover ratios and Doug‘s responses to them? What action may Holly need to take? How would you respond to Doug‘s last comment?

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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