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Quick (acid test) 0.9 : 1 0.85 : 1 0.8 : 1 1:1 Inventory turnover period 67 days 76 days 94 days 60 days Accounts

Quick (acid test) 0.9 : 1 0.85 : 1 0.8 : 1 1:1 Inventory turnover period 67 days 76 days 94 days 60 days Accounts receivable turnover period 42 days 36 days 32 days 35 days Critically evaluate the liquidity position of ABC Ltd

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