The times interest earned ratio for Burlington Perfumes Inc. is 3.0, but the current ratio is only

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The times interest earned ratio for Burlington Perfumes Inc. is 3.0, but the current ratio is only 1.2. Discuss future prospects for Burlington, given that the industry average for these ratios is 2.1 for both. Suggest a plan for Burlington.
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Financial Management for Decision Makers

ISBN: 978-0138011604

2nd Canadian edition

Authors: Peter Atrill, Paul Hurley

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