Schand Manufacturing Apparel Industry 2018 2017 2016 2.1 2.2 2.2 11.0 12.0 10.0 33.2 30.4 36.5 9.9 9.8 9.8 36.9 37.2 37.2 2018 2017 2016 1.7 14.0 13.0 12.1 1.8 Current Ratio Accounts Rec. Turnover #Days' Sales in Receivables Inventory Turnover # Days' Sales in Inventory 26.1 28.1 30.4 9.9 7.9 7.2 36.9 46.2 50.7 B A. Schand's current ratio is: a. Improving over time b. Getting worse over time c. Better than its industry d. Both a and c above e. Both b and d above B. Assume the quick ratio for Schand is 0.4. When comparing the data to Schand's current ratio noted above, the following conclusions may be made, except: a. The company has most of its current assets in inventory b. The company has the ability to meet its short-term obligations (within one year) c. The company may have difficulty paying short-term obligations if they all need to be paid immediately d. The company may use cash management strategies to extend credit terms to suppliers so it can delay payments for a greater amount of time and this will decrease the current ratio The company has most of its current assets in cash and accounts receivables