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An analysis of a companys financial performance is as follows: Year 3 Year 2 Year 1 Sales trend 130 120 100 Current ratio 2.7 2.5

An analysis of a companys financial performance is as follows:

Year 3 Year 2 Year 1

Sales trend 130 120 100

Current ratio 2.7 2.5 2.2

Acid-test ratio 0.7 0.8 1.0

Accounts receivable ratio 9.0 10.0 11.0

Inventory turnover 6 7 8

Required: Provide your opinion on the above information.

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