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Selected financial ratios for the Downtown Club for 20X520X7 are as follows: 20X5 1.1 Current ratio Accounts receivable turnover Profit margin Inventory turnover 24 5%

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Selected financial ratios for the Downtown Club for 20X520X7 are as follows: 20X5 1.1 Current ratio Accounts receivable turnover Profit margin Inventory turnover 24 5% 15 20X6 1.2 22 6% 16 20X7 1.3 20 7% 17 Required: 1. Comment on the changing liquidity of the Dodger's Club from 20x3 to 20X5. Be specific using the relevant ratios above. DO NOT RESTATE THE RATIOS ABOVE

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