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ACME Hospitality recorded the following financial information from 2007 to 2009. Using this information, answer questions a through h 2017 Current Ratio Inventory Turnover Acct

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ACME Hospitality recorded the following financial information from 2007 to 2009. Using this information, answer questions a through h 2017 Current Ratio Inventory Turnover Acct Receivable Turnover ACP (DAYS Net Return on Assets Debt to Equity Return on Equity Revenue 1.4 37 times 20 times 18.25 9% 18.5 9.5% $845,000 2018 1.3 33 times 25 times 14.60 7.29 22.2 8.8% $862,000 2019 1.1 29 times 18 times 20.28 70% 31.9 37.5% 5856,000 restaurant becoming more efficient in the collection of its account receivable? b. Over the years has been over-invested in inventory? c. During the period, has the liquidity of the business improved? d. From the stockholders' point of view, has the profitability of the business operation improved? e. If the business wishes to use long-term loan to expand business, would it be easier now to find a lender than three years ago? Has the restaurant been using leverage to the advantage of the stockholders over the period? 8 If the business wishes to seek equity financing, would it be easier now than three years ago? h. Has the working capital increased from three years ago

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