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Selected financial ratios for Birdnest Incorporated are as follows: Current ratio Accounts receivable turnover Inventory turnover 2021 2.45:1 7.40 times 9.10 times 2020 2.00:1 11.50
Selected financial ratios for Birdnest Incorporated are as follows: Current ratio Accounts receivable turnover Inventory turnover 2021 2.45:1 7.40 times 9.10 times 2020 2.00:1 11.50 times 9.11 times 2019 1.77:1 18.40 times 8.93 times Based upon an analysis of the above information, which of the following statements most accurately describes Birdnest's financial results for 2021? The company is selling more inventory The company's liquidity improved. The company is taking longer to collect its accounts receivable. The company's current ratio deteriorated
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