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Compute each of the following ratios for 2019 and 2020 and indicate whether each ratio was getting better or worse from 2019 to 2020 and

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Compute each of the following ratios for 2019 and 2020 and indicate whether each ratio was getting "better" or "worse" from 2019 to 2020 and whether the 2020 ratio was "good" or "bad" compared to the Industry Avg (round all numbers to 2 digits past the decimal place) "Good" or "Bad" Getting compared Better or 2020 to Getting Industry Industry 2019 2020 Worse? Ave Avg Profit Margin 0.08 Current Ratio 1.80 Quick Ratio Return on Assets 0.18 Debt to Assets 0.60 Receivables turnover 12.00 Avg. collection period* 22.10 Inventory Turnover** 8.25 Return on Equity 0.16 Times Interest Earned 8.15 1.12 *Assume a 360 day year **Inventory Turnover can be computed 2 different ways. Use the formula listed in the text (the one the text indicates many credit reporting agencies generally use) ] Compute each of the following ratios for 2019 and 2020 and indicate whether each ratio was getting "better" or "worse" from 2019 to 2020 and whether the 2020 ratio was "good" or "bad" compared to the Industry Avg (round all numbers to 2 digits past the decimal place) "Good" or "Bad" Getting compared Better or 2020 to Getting Industry Industry 2019 2020 Worse? Ave Avg Profit Margin 0.08 Current Ratio 1.80 Quick Ratio Return on Assets 0.18 Debt to Assets 0.60 Receivables turnover 12.00 Avg. collection period* 22.10 Inventory Turnover** 8.25 Return on Equity 0.16 Times Interest Earned 8.15 1.12 *Assume a 360 day year **Inventory Turnover can be computed 2 different ways. Use the formula listed in the text (the one the text indicates many credit reporting agencies generally use) ]

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