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