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

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 83E
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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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