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Study the efficiency ratios for company Y and Z below. All the ratios are considered as normal for the companies. Based on the efficiency ratios,

Study the efficiency ratios for company Y and Z below. All the ratios are considered as normal for the companies.

Based on the efficiency ratios, do you agree that Company Y sells high-value products and it is a cash rich company? Justify your answer. image text in transcribed

Inventory turnover Avg. settlement period AR Avg. settlement period AP Company Y 104 days 126 days 89 days Company Z 50 days 42 days 95 days

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