Debt Management and Short-Term Liquidity Ratios
Magellan Company is an international travel agency providing travel planning services to customers in over 20 Countries. Recently, the travel industry has been experiencing volatility as a result of increases in oil prices. Magellan’s investors have been following its financial information closely to determine its ability to continue as a going concern, Its investors have used the following information to determine financial ratios:
Required:
Between 20l8 and 20l9, indicate whether Magellan’s debt to equity ratio increased or decreased. Also, indicate whether Magellan’s current ratio increased or decreased. Interpret these ratios.
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