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Ratio Accounts Receivable Turnover Quick Ratio Current Ratio Inventory Turnover Number of Days Sales in Inventory Number of Days' Sales in Receivables Number of Times Interest Charges Earned Price- Earnings Ratio Rate Earned on Stockholders Equity Rate Earned on Total Assets Current Year HINT(E) 24.0 2.2 3.5 8.0 46 15 3.7 14.2 12% 23% Prior Year 22.8 2.3 2.3 8.5 43 16 5.2 15.0 9% 12% Is the Current Ratio for the Current Year better or worse than the Prior Year? OA. Better B. Worse

Ratio Accounts Receivable Turnover Quick Ratio Current Ratio Inventory Turnover Number of Days Sales in Inventory Number of Days' Sales in Receivables Number of Times Interest Charges Earned Price- Earnings Ratio Rate Earned on Stockholders Equity Rate Earned on Total Assets Current Year HINT(E) 24.0 2.2 3.5 8.0 46 15 3.7 14.2 12% 23% Prior Year 22.8 2.3 2.3 8.5 43 16 5.2 15.0 9% 12% Is the Current Ratio for the Current Year better or worse than the Prior Year? OA. Better B. Worse

FINANCIAL ACCOUNTING
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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For each ratio presented below, indicate whether the current year is Better of Worse than the prior year Ratio Accounts Receivable Turnover Quick Ratio Current Ratio Inventory Turnover Number of Days Sales in Inventory Number of Days' Sales in Receivables Number of Times Interest Charges Earned Price- Earnings Ratio Rate Earned on Stockholders Equity Rate Earned on Total Assets Current Year HINT/C) 24.0 2.2 3.5 8.0 46 15 3.7 14.2 12% 23% Prior Year 22.8 2.3 2.3 8.5 43 16 5.2 15.0 9% 12% Is the Current Ratio for the Current Year better or worse than the Prior Year? OA. Better OB. Worse
Transcribed Image Text:For each ratio presented below, indicate whether the current year is Better of Worse than the prior year Ratio Accounts Receivable Turnover Quick Ratio Current Ratio Inventory Turnover Number of Days Sales in Inventory Number of Days' Sales in Receivables Number of Times Interest Charges Earned Price- Earnings Ratio Rate Earned on Stockholders Equity Rate Earned on Total Assets Current Year HINT/C) 24.0 2.2 3.5 8.0 46 15 3.7 14.2 12% 23% Prior Year 22.8 2.3 2.3 8.5 43 16 5.2 15.0 9% 12% Is the Current Ratio for the Current Year better or worse than the Prior Year? OA. Better OB. Worse
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