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The following selected ratios are available for Pampered Pets Inc. for the three most recent years: 2021 2020 2019 Current ratio 2.7 : 1 2.4
The following selected ratios are available for Pampered Pets Inc. for the three most recent years: 2021 2020 2019 Current ratio 2.7 : 1 2.4 : 1 2.1 :1 Receivables turnover 6.7 times 7.4 times 8.2 times Inventory turnover 7.7 times 8.6 times 9.9 times Has the company's collection of its receivables improved or deteriorated over these three years? The company's collection of its accounts receivable has Is the company selling its inventory faster or slower than in past years
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