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The ratio has been calculated(Millions), interpret the data below: Liquidity Ratio Quick ratio or acid test ratio (Current Asset - Inventory) / current liability begin{tabular}{|r|c|c|c|c|}
The ratio has been calculated(Millions), interpret the data below:
Liquidity Ratio Quick ratio or acid test ratio (Current Asset - Inventory) / current liability \begin{tabular}{|r|c|c|c|c|} \hline 2021 & 2020 & 2019 & 2018 & 2017 \\ \hline 1.3 & 1.2 & 1.2 & 1.5 & 1.0 \\ \hline \end{tabular} Asset utilization turnover rates Inventory turnover rate Cost of goods sold / inventory \begin{tabular}{|l|l|l|l|l|} \hline 31.1 & 30.1 & 29.6 & 27.2 & 26.3 \\ \hline \end{tabular} Fixed asset turnover rate Sales / fixed assets \begin{tabular}{|l|l|l|l|l|} \hline 0.8 & 0.7 & 0.6 & 0.6 & 0.5 \\ \hline \end{tabular} Profitability ratio Gross profit margin Gross profit/sales 0.4 0.4 0.40.4 0.5Step by Step Solution
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