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Dollar Tree Inc. Short-Term Liquidity 2022 2023 Difference Current Ratio 1.35 1.51 0.16 Quick Ratio 0.24 0.15 (0.08) Cash Ratio Cash Conversion Cycle 34.78 45.75
Dollar Tree Inc. | ||||||
Short-Term Liquidity | 2022 | 2023 | Difference | |||
Current Ratio | 1.35 | 1.51 | 0.16 | |||
Quick Ratio | 0.24 | 0.15 | (0.08) | |||
Cash Ratio | ||||||
Cash Conversion Cycle | 34.78 | 45.75 | 10.97 | |||
Days Receivable | 0.00 | 0.00 | 0.00 | |||
Days Inventory | 60.92 | 70.24 | 9.32 | |||
Days Payable | 26.14 | 24.49 | (1.65) | |||
Accounts Receivable Turnover | - | - | - | |||
Inventory Turnover | 4.72 | 3.87 | (0.85) | |||
Revenue to cash ratio | 26.71 | 8.28 | (18.44) | |||
using the ratios, comment whether each ratio made the company less or more liquid and why ?
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