Below are the ratio analysis for a company and the industry the company belongs to.

Ratio	current year		past year
	company	industry	company	industry
current ratio	1.9	2.5	1.1	2.3
quick ratio	0.7	1.0	0.4	0.9
number of days of receivables	39.0	34.0	44.0	32.5
number of days of inventory	41.0	30.3	45.0	27.4
number of days of payables	34.3	36.0	29.4	35.5

The current year shows improvement over the previous year in terms of number of days of inventory.

True

False

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