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Based upon an analysis of the above information, which of the following statements most accurately describes Birdnests financial results for 2021? Selected financial ratios for
Based upon an analysis of the above information, which of the following statements most accurately describes Birdnests financial results for 2021?
Selected financial ratios for Birdnest Incorporated are as follows: 2021 2020 2019 Current ratio 2.52:1 2.05:1 1.75:1 Accounts receivable turnover 7.20 times 12.10 times 18.00 times Inventory turnover 8.80 times 9.13 times 8.85 times Based upon an analysis of the above information, which of the following statements most accurately describes Birdnest's financial results for 2021? The company is taking longer to collect its accounts receivable. The company is selling more inventory. The company's current ratio deteriorated. The company's liquidity improved
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