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Given the following year end information, the current ratio for 2016 (rounded to 2 decimal places) is: 2015 Current Assets = $150,000 2016 Current Assets

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Given the following year end information, the current ratio for 2016 (rounded to 2 decimal places) is: 2015 Current Assets = $150,000 2016 Current Assets = $100,000 2015 Current Liabilities = $80,000 2016 Current Liabilities = $60,000 O 1.88 times O 1.67 times O 2.5 times O 1.20 times Question 15 0.3 pts If the settlement period for accounts receivable changes from 22 days to 28 days this indicates that: the time taken to sell inventory is increasing on average the entity is becoming more efficient at collecting money from accounts receivable O the time taken to collect money from accounts receivable is increasing on average the time taken to pay suppliers of inventory is increasing

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