The following selected information is available for Pretty Pets Inc. for the most recent three...
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Accounting
The following selected information is available for Pretty Pets Inc. for the most recent three years. Is Pretty Pets liquidity improving or worsening? Explain using all three ratios provided.
2017
2018
2019
Current ratio
2.1:1
2.4:1
2:6:1
Average Collection Period
54
49
45
Days in Inventory
49
42
36
Answer & Explanation
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