What caused a decrease in the current ratio?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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What caused a decrease in the
Transcribed Image Text:Return on Equity*
Return on Capital Employed*
Gross profit margin
Operating profit margin
Interest cover
Current ratio
Quick ratio
Inventories turnover period*
Settlement period for accounts
receivable*
Settlement period for accounts payable*
Operating cash cycle
Gearing
2022
16%
16.35%
37.3%
9.4%
2.9
0.69
0.03
72.1 days
1.4 days
97.2 days
?
51.5%
2021
29.4%
21.6%
38.7%
13.3%
6
0.71
0.09
62.9 days
1.5 days
89.3 days
?
54.9%
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