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Evaluate what this decline means for firm financial health

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1. A firm's current ratio declined from 2.2 in 2018 to 1.3 in 2019. Evaluate what this decline means for the firm's financial health? How could this analysis be extended to be more informative?

2. For the question above, why is it not necessarily true that CA declined from 2018 to 2019? Provide at least five algebraic possibilities that explain why the ratio changed as it did.

3. Will the gap between the current ratio and quick ratio be larger for a manufacturing firm like GM or for an accounting firm like Deloitte? If so, why is this the case?

Reference no: EM132840664

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