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Evaluate Liquidity The following selected ratios are available for Pampered Pets Inc.: Current ratio Acid-test ratio Receivables Turnover Inventory turnover Operating cycle 2017 2.6:1 0.8:1

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Evaluate Liquidity The following selected ratios are available for Pampered Pets Inc.: Current ratio Acid-test ratio Receivables Turnover Inventory turnover Operating cycle 2017 2.6:1 0.8:1 6.7 times 7.5 times 103 days 2016 1.4:1 0.6:1 7.4 times 8.7 times 91 days 2015 2.1.1 0.7:1 8.2 times 9.9 times 81 days Question 15 (1 point) Saved Is the company selling its inventory faster or slower than in past years? Slower Faster Question 16 (1 point) Has the company's collection of its receivables improved or weakened over the past three years? Weakened Improved Question 17 (1 point) Overall, has the company's liquidity improved or weakened over the past three years? Improved Weakened

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