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Can you asses if the percentage chage between 2021 and 2022 is good or bad. please explain why begin{tabular}{|c|c|c|c|c|c|} hline Type & Ratios & 2022
Can you asses if the percentage chage between 2021 and 2022 is good or bad. please explain why
\begin{tabular}{|c|c|c|c|c|c|} \hline Type & Ratios & 2022 & 2021 & % Change & Assessment \\ \hline Liquidity & Current Ratio & 0.8794 & 1.0746 & 18.17% & \\ \hline Liquidity & Working Capital & -18577.0000 & 9355.0000 & 298.58% & \\ \hline Solvency & Debt-To-Equity & 5.9615 & 4.5635 & 30.63% & \\ \hline Activity & Asset Turnover & 1.1206 & 1.0841 & 3.37% & \\ \hline Activity & Receivables Turnover & 14.4808 & 17.2563 & 16.08% & \\ \hline Activity & Inventory Turnover & 38.7899 & 40.0303 & 3.10% & \\ \hline Activity & Days in Inventory & 9.4097 & 9.1181 & 3.20% & \\ \hline Activity & Average Collection Period & 25.2057 & 21.1517 & 19.17% & \\ \hline Profitability & Profit Margin on Sales & 0.2531 & 0.2588 & 2.21% & \\ \hline Profitability & Return on Assets & 0.2836 & 0.2806 & 1.09% & \\ \hline Profitability & Return on Equity & 1.7546 & 1.4744 & 19.00% & \\ \hline \end{tabular} Step by Step Solution
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