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Selected financial ratios 2019 2020 Industry Average 2020 Current ratio 3.45 2.21 1.31 Acid-test ratio 0.75 0.70 1.25 Inventory turnover 6.95 7.75 10.60 Times interest

Selected financial ratios

2019

2020

Industry Average

2020

Current ratio

3.45

2.21

1.31

Acid-test ratio

0.75

0.70

1.25

Inventory turnover

6.95

7.75

10.60

Times interest earned

10.50

10.95

8.50

Debt-to-equity ratio

0.75

0.90

1.10

What do the ratios tell you about the company's operations?

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