Question
Given the following ratios, how well has the company been managing its liquidity for the past two years? Current Year Past Year Ratio Company Industry
Given the following ratios, how well has the company been managing its liquidity for the past two years?
|
| Current Year | Past Year | ||
| Ratio | Company | Industry | Company | Industry |
| Current ratio | 1.9 | 2.5 | 1.1 | 2.3 |
| Quick ratio | 0.7 | 1.0 | 0.4 | 0.9 |
| Number of days of receivables | 39.0 | 34.0 | 44.0 | 32.5 |
| Number of days of inventory | 41.0 | 30.3 | 45.0 | 27.4 |
| Number of days of payables | 34.3 | 36.0 | 29.4 | 35.5 |
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Financial Statement Fraud Strategies For Detection And Investigation
Authors: Gerard M. Zack
1st Edition
1118301552, 9781118301555
