explain each ratio of this list what happened in 2019, 2020, 2021? List Of Ratio 2019 2020 2021 Current Ratio 0.86 0.98 0.83 Quick Ratio(Acid test) 0.70 0.81 0.67 Cash Ratio 0.28 0.41 0.23 Interest Coverage Ratio 9.20 9.04 6.27 Debt-to-Equity 4.28 5.86 4.72 Debt-to-total Asset Ratio 0.41 0.48 0.44

explain each ratio of this list what happened in 2019, 2020, 2021? List Of Ratio 2019 2020 2021 Current Ratio 0.86 0.98 0.83 Quick Ratio(Acid test) 0.70 0.81 0.67 Cash Ratio 0.28 0.41 0.23 Interest Coverage Ratio 9.20 9.04 6.27 Debt-to-Equity 4.28 5.86 4.72 Debt-to-total Asset Ratio 0.41 0.48 0.44

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

explain each ratio of this list what happened in 2019, 2020, 2021?

List Of Ratio	2019	2020	2021
Current Ratio	0.86	0.98	0.83
Quick Ratio(Acid test)	0.70	0.81	0.67
Cash Ratio	0.28	0.41	0.23
Interest Coverage Ratio	9.20	9.04	6.27
Debt-to-Equity	4.28	5.86	4.72
Debt-to-total Asset Ratio	0.41	0.48	0.44

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