You are given the following limited information about a company by a client. Sales (approximate) Long-term...

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You are given the following limited information about a company by a client. Sales (approximate) Long-term debt Current ratio Quick ratio. Collection period Inventory turnover Debt ratio $300 000 nil 1.7 .8 63 days 2.9 .56 11.2 Times interest earned Net income as a percentage of equity 7.6 Discuss the meanings of these ratios and statistics in a small group. Prepare a report about the company and be ready to present the results of your dis- cussion to the class. You are given the following limited information about a company by a client. Sales (approximate) Long-term debt Current ratio Quick ratio. Collection period Inventory turnover Debt ratio $300 000 nil 1.7 .8 63 days 2.9 .56 11.2 Times interest earned Net income as a percentage of equity 7.6 Discuss the meanings of these ratios and statistics in a small group. Prepare a report about the company and be ready to present the results of your dis- cussion to the class.