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which company sold common shares recently and has not invested the cash raised from the...

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which company sold common shares recently and has not invested the cash raised from the share issue?

Shown below are liquidity ratios for several companies. Industry Average Company #4 Company #1 Company #2 Company #3 2.9:1 1.2:1 1.3:1 1.5:1 1.6:1 Current ratio 45 days 52 days 39 days 57 days 29 days Average collection period 65 days 50 days 60 days 20 days 71 days Days in inventory For each of the following questions, choose the appropriate company by referring to the ratios shown above. (a) Which company sold common shares recently and has not yet invested the cash raised from the share issue

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