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CK Tang Emporium The following financial ratios were derived from an analysis of CK Tang Emporium's Financial Statements for the period 2016 to 2019. Ratio
CK Tang Emporium The following financial ratios were derived from an analysis of CK Tang Emporium's Financial Statements for the period 2016 to 2019. Ratio Current Quick Asset Average Inventory Turnover Average Debtor Collection Period Debt Ratio Times Interest Earned 2016 1.5 1.13 23.7 days 18.4 days .36 2.5 times 2017 2.22 1.33 18.9 days 15.9 days .43 2.17 times 2018 1.2 0.80 42.4 days 28.2 days .48 1.88 times 2019 0.75 0.60 45.6 days 34.7 days .64 0.75 times Required: Advise a potential lender whether they should provide a loan to CK Tang Emporium
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