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(b) An analysis of the liquidity and efficiency ratios for CBA Ltd shows the following results. Ratio 2019 2018 Current ratio 2.4 2.1 Acid-test ratio

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(b) An analysis of the liquidity and efficiency ratios for CBA Ltd shows the following results. Ratio 2019 2018 Current ratio 2.4 2.1 Acid-test ratio 0.8 1.2 Days' sales in inventory 32 days 20 days Days' sales uncollected 35 days 25 days Days' purchases in accounts payables 70 days 29 days Use the above financial ratios to analyse the financial performance of CBA Ltd. (13 marks)

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