You are the financial analyst at SewMart, an arts and crafts retail store. Your boss has asked you to review the company's financial results for the past three years and to provide an analysis of your findings:

SewMart Ratios	20x9	20x8	20x7
Sales trend	16.7	22.1	25.1
Current ratio	0.78	1.90	2.20
Acid-test ratio	0.40	1.32	1.90
Accounts receivable turnover	41.29	33.20	10.60
Inventory turnover	3.58	6.25	7.80

1. Has your company performed worse, better, or about the same?

2. Should you be concerned about any ratio noted in your analysis?

3. What recommendations would you share with your boss on the financial health of the company?

Prepare a brief memo summarizing how your company is performing and recommendations. Use the questions as a guide.