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Blossom Inc. operates gaming stores across the country. Selected comparative financial statement data are shown below. Calculate the following liquidity ratios for 2021 and 2020.
Blossom Inc. operates gaming stores across the country. Selected comparative financial statement data are shown below. Calculate the following liquidity ratios for 2021 and 2020. (Round current ratio and acid-test ratio to 2 decimal places, e.g. 0.75:1, receivables turnover and inventory turnover to 1 decimal place, e.g. 52.7 and collection period, days sales in inventory and operating cycle to 0 decimal places, e.g. 125.) Indicate whether each of the liquidity ratios calculated in part (a) is better or worse in 2021
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