Sales revenue per employee An analysis of liquidity and efficiency for ABC Ltd yields the following results: Year 3 2.1 1:1 Ratio Current Quick (acid test) Inventory turnover period Accounts receivable turnover period Industry average Year 2 1.95:1 2.1:1 0.85:1 08:1 76 days 94 days 36 days 32 days Year 1 1.8:1 0.9:1 67 days 42 days 60 days 35 days Critically evaluate the liquidity position of ABC Ltd. An analysis of liquidity and efficiency for ABC Ltd yields the following results: Industry average Ratio Year 1 Year 2 Year 3 Current 1.8:1 1.95:1 2.1:1 Quick (acid test) 0.9:1 0.85:1 08:1 Inventory turnover period 67 days 76 days 94 days Accounts receivable turnover period 42 days 36 days 32 days Year 3 2.1 1:1 60 days 35 days Critically evaluate the liquidity position of ABC Ltd