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Selected financial data for Desney Ltd. are shown below. 2021 2020 2019 $850,000 $750,000 $650,000 Accounts receivable (gross) 1,020,000 980,000 Inventory 840,000 Total current assets
Selected financial data for Desney Ltd. are shown below. 2021 2020 2019 $850,000 $750,000 $650,000 Accounts receivable (gross) 1,020,000 980,000 Inventory 840,000 Total current assets 1,100,000 2,000,000 1,700,000 Total current liabilities 1,000,000 1,100,000 1,250,000 Credit sales 5,600,000 6,240,000 5,430,000 Cost of goods sold 4,540,000 4,550,000 3,950,000 Round to one decimal IF NEEDED Current ratio for 2021 is 1.1 % Current ratio for 2020 is 181 % Based on the current ratio, is Desney's performance better or worse for 2021? WORSE = Based on the receivable turnover ratio, is Desney's performance better or worse for 20217 . Based on the receivable turnover ratio, is Desney s performance better or worse for 20217
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