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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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