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Is the accounts receivable turnover ratio for spotspot pty

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Reference no: EM132786721

SpotSpot Pty. Ltd.'s most recent summary of key financial information as presented below:

Financial Ratios

                                     2019                                   2020

Current Ratio          1.3 : 1                              2.0 : 1

Quick Ratio            1.4 : 1                               0.9 : 1

Accounts Receivable Turnover 6.8 times            8.4 times

Inventory Turnover      3.8 times                   2.6 times

Return on Assets          9.7 cents                  12.4 cents

Return on Equity               10.2 cents                 13 cents

Required:

Problem (a) Is the 2020 inventory turnover ratio for SpotSpot Pty. Ltd. a progress or a regress? Explain your answer.

Problem (b) Is the 2020 accounts receivable turnover ratio for SpotSpot Pty. Ltd. a progress or a regress? Explain your answer.

Reference no: EM132786721

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