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Listed below are the industry median standards for the financial ratios of Wynn Memorial's peer group. Use this information as you answer the problem.
Listed below are the industry median standards for the financial ratios of Wynn Memorial's peer group. Use this information as you answer the problem.
tabletableWynn Memorial Nursing Home's FinancialRatios Current ratio, Acid test ratio, Days in accts receivable, Average payment period, Longterm debt to net assets, Net assets to total assets, Total asset turnover, Fixed asset turnover, Return on total assets, Operating margin,
tabletableNursing Home Financial RatiosIndustry MedianCurrent ratio,Acid test ratio,Days in accts receivable,Average payment period,Total asset tumover,Fixed asset tumover,Operating margin,Return on total assets,Longterm debt to net assets,Net assets to total assets,
Reference: Industry standards
Comment on Wynn Memorial's liquidity. Cite at least one meaningful ratio to support your observations. Note: See table on page for
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