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3. Balance Sheet Problem 1992 1993 1994 Annual Sales Growth (over prior yr) + 1% 0% +1% Current Ratio 3.5X 2X 1.2X Average Collection Period

3. Balance Sheet Problem

1992 1993 1994

Annual Sales Growth (over prior yr) + 1% 0% +1%

Current Ratio 3.5X 2X 1.2X

Average Collection Period 25 days 30 days 55 days

What is happening to liquidity? What are some follow-up questions your would ask? (10 points)

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