The working capital ratio for AntsPants has progressively declined from 2.0 times to 0.75 times over the

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The working capital ratio for AntsPants has progressively declined from 2.0 times to 0.75 times over the past three years. Discuss if this trend is favorable.

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Accounting Business Reporting For Decision Making

ISBN: 9780730302414

4th Edition

Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver

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Question Posted: Mar 21, 2016 02:26 AM

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The working capital ratio for AntsPants has progressively declined from 2.0 times to 0.75 times over the

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An arbitrary rule of thumb for the working capital ratio is around 150 of current assets for ev...View the full answer

Accounting Business Reporting For Decision Making

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