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Examine the following extracts from Marex Inc. income statement and balance sheet for the previous two years. Income Statement Year 1 Year 2 $ $

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Examine the following extracts from Marex Inc. income statement and balance sheet for the previous two years. Income Statement Year 1 Year 2 $ $ Sales 40,000 66,000 Balance Sheet Year 1 Year 2 $ $ Accounts receivable 7,000 7,800 You also read in the financial press that Marex Inc. sold $12,000 of its accounts receivable in year 2. Calculate and interpret ONE ratio from data given for years 1 and 2

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