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Question 20 1 Point Xena has the following working capital ratios: 2022 2021 Current ratio 1.2:1 1.5:1 Receivables days 75 days 50 days Payables days
Question 20 1 Point Xena has the following working capital ratios: 2022 2021 Current ratio 1.2:1 1.5:1 Receivables days 75 days 50 days Payables days 30 days 45 days Inventory turnover 42 days 35 days Which of the following statements about Xena is CORRECT? A Xena is suffering from a worsening liquidity position in 2022 B Xena is taking longer to pay suppliers in 2022 Xena is receiving cash from customers more quickly in 2022 than in 2021 Xena's liquidity and working capital has improved in 2022
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