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Jay Jay Inc. has presented to you the tabulated calculated ratios below which were extracted from its financial statements; 2020 2019 2018 2017 Quick Ratio

Jay Jay Inc. has presented to you the tabulated calculated ratios below which were extracted from its financial statements;

2020

2019

2018

2017

Quick Ratio

1.61

1.62

1.59

1.69

Return on Assets

7.94%

9.56%

8.51%

9.05%

Accounts receivable

collection period

40.77days

40.77 days

42.58 days

39.55 days

Inventory turnover period

71.00 days

82.34 days

75.09 days

66.81 days

Interest cover

2.41x

2.22x

2.46x

2.74x

Required

Focusing on the above ratios, critically evaluate the performance of the company over the four year period.

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