Q3

3 nt or 3. Explain the meaning and significance of the fol- lowing ratios. (LG3-1 through LG3-5) a. Quick ratio b. Average collection period c. Return on equity d. Days' sales in inventory e. Debt ratio f. Profit margin g. Accounts payable turnover h. Market-to-book ratio 4. A firm has an average collection period of 10 days. dutrumorno ACP is 25 days Is this a T