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(suggested time 9 - 11 minutes - 14 marks) Selected financial data for Desney Ltd. are shown below. 2021 2020 Accounts receivable (gross) $850,000 $750,000
(suggested time 9 - 11 minutes - 14 marks) Selected financial data for Desney Ltd. are shown below. 2021 2020 Accounts receivable (gross) $850,000 $750,000 2019 Inventory 1,020,000 980,000 $650,000 840,000 Round to one decimal IF NEEDED 1,700,000 Current ratio for 2021 is 1.250,000 Total current assets 1,100,000 2,000,000 1.100,000 Total current liabilities 1,000,000 Credit sales 5,600.000 6,240.000 Cost of goods sold 4.540,000 4,550,000 5,430,000 3,950,000 Current ratio for 2020 is % Based on the current ratio, is Desney's performance better or worse for 2021? . Based on the receivable turnover ratio is Desney's performance better or worse for 20217 Based on the inventory turnover ratio is Desney's performance better or worse for 2021
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