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Current Ratio 0.80 0.40 0.40 Quick/Acid-Test Ratio 0.85 0.42 0.43 Current cash debt coverage 0.20 0.09 0.11 Accounts Receivable Turnover 4.95 6.51 1.56 Inventory Turnover
| Current Ratio | 0.80 | 0.40 | 0.40 | |
| Quick/Acid-Test Ratio | 0.85 | 0.42 | 0.43 | |
| Current cash debt coverage | 0.20 | 0.09 | 0.11 | |
| Accounts Receivable Turnover | 4.95 | 6.51 | 1.56 | |
| Inventory Turnover | 102.67 | 52.21 | 50.46 | |
| Asset Turnover | 4.04 | 5.09 | 1.05 | |
The first column is for ratio in year 1, the second is for ratio in year 2, and the last one is the change(difference). What are the assessments of these ratios?
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Contemporary Auditing
Authors: Michael C Knapp
12th Edition
357515404, 978-0357515402
