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Your assistance is greatly appreciated! Based on the ratios presented, what is your overall assessments of Chow King's ability to pay its current liabilities, its
Your assistance is greatly appreciated! Based on the ratios presented, what is your overall assessments of Chow King's ability to pay its current liabilities, its ability to pay its debts, and its profit liability over the past 3 years and does the sparklines really help in the analysis? Please explain well.
Chow King Company Ratios 12/31/2021 12/31/2022 12/31/2023 Working capital 19,900 32,960 44,140 Current ratio 2.29 2.34 2.62 Quick ratio 1.09 1.00 0.85 Debt ratio 0.38 0.42 0.43 Times-interest-earned ratio 13.48 11.87 8.39 Gross margin percentage 22.74% 28.07% 28.28% Return on sales 10.20% 13.82% 13.55%Step by Step Solution
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