Question: Based on the Quick Ratio visualization, what conclusion can be made? Lyft ' s quick ratio is decreasing but because the ratio is greater than
Based on the Quick Ratio visualization, what conclusion can be made?
Lyfts quick ratio is decreasing but because the ratio is greater than there is no reason to be concerned. Lyft and Uber's quick ratios are similar, which make sense since they are in the same industry. Uber's quick ratio is steadily increasing and the drop in should be considered an anomaly. Lyfts quick ratio is decreasing which could indicate that they may need to obtain additional financing in the pay off its immediate debts.
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