2021 2020 2019 2018 2017 Current Ratio 0.95 times 1.3 times 1.1 times 1.2 times 1.3 times Days in Accounts Receivable 50 days 45 days 40 days 35 days 30 days Days in Inventory 38 days 28 days 21 days 23 days 25 days Return on Equity 20% 15% 20% 19% 18% Debt to Total Assets 55% 45% 37% 35% 35% Profit $300,000 $250,000 $270,000 $240,000 $220,000 Discuss the trend in Profitability.
2021 2020 2019 2018 2017 Current Ratio 0.95 times 1.3 times 1.1 times 1.2 times 1.3 times Days in Accounts Receivable 50 days 45 days 40 days 35 days 30 days Days in Inventory 38 days 28 days 21 days 23 days 25 days Return on Equity 20% 15% 20% 19% 18% Debt to Total Assets 55% 45% 37% 35% 35% Profit $300,000 $250,000 $270,000 $240,000 $220,000 Discuss the trend in Profitability.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
| 2021 | 2020 | 2019 | 2018 | 2017 | |
| 0.95 times | 1.3 times | 1.1 times | 1.2 times | 1.3 times | |
| Days in |
50 days | 45 days | 40 days | 35 days | 30 days |
| Days in Inventory | 38 days | 28 days | 21 days | 23 days | 25 days |
| Return on Equity | 20% | 15% | 20% | 19% | 18% |
| Debt to Total Assets | 55% | 45% | 37% | 35% | 35% |
| Profit | $300,000 | $250,000 | $270,000 | $240,000 | $220,000 |
Discuss the trend in Profitability.
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