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Improve management of receivables and inventory turnover

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Reference no: EM13531648

The following ratios are available for Tym Inc.

Current ratio

2012

2011

Receivables turnover

1.3:1

1.5:1

Inventory turnover

12 times

10 times

11 times

9 times

Instructions

(a) Is Tym"s short-term liquidity improving or deteriorating in 2012? Be specific in your answer, referring to relevant ratios.

(b) Do changes in turnover ratios affect profitability? Explain.

(c) Identify any steps Tym might have taken, or might wish to take, to improve its management of its receivables and inventory turnover.

Reference no: EM13531648

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