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Problem 3) (15 points) The Current Ratio for Bravo Company is shown below. How do you feel about the pattern observed? Is this a good
Problem 3) (15 points) The Current Ratio for Bravo Company is shown below. How do you feel about the pattern observed? Is this a good pattern or a bad pattern for Bravo? What might this pattern revela about Bravo company and its current asset and current liability position? Speculate on what might be happening for this company. | ||||||||
2019 | 2018 | 2017 | 2016 | 2015 | Ind. Average | |||
Current ratio | 2.6 | 2.4 | 2.5 | 2.2 | 1.9 | 1.8 |
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