Question
Over the past year, M. D. Ryngaert & Co. has realized an increase in its current ratio and a drop in its total assets turnover
Over the past year, M. D. Ryngaert & Co. has realized an increase in its current ratio and a drop in its total assets turnover ratio. However, the companys sales, quick ratio, and fixed assets turnover ratio have remained constant. What explains these changes?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th International Edition
0321552113, 9780321552112
