Using the ratios and information given for Retailers Unlimited, the largest brick-and-mortar U.S. retailer, analyze the short-term liquidity and operating efficiency of the firm as of January 31, 2024. Retailers Unlimited accepts cash or bank credit cards, such as MasterCard and Visa, from its noncommercial customers.

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Financial ratios for the years ended January 31, 2024 2023 Liquidity Current (times) Quick (times) Cash flow liquidity (times) Average collection period Days inventory held 0.88 0.83 0.24 0.22 0.44 0.46 6 days 6 days 46 days 46 days Days payable outstanding Cash conversion cycle Activity 38 days 40 days 14 days 12 days Fixed asset turnover (times) 4.10 4.09 Total asset turnover (times) 2.31 2.29 Other information Cash flow from operations (in millions of $) 23,257 25,591 Revenues (in millions of $) 473,076 465,604