Compare the performance of East Coast Yachts to the industry as a whole. For each ratio, comment on why it might be viewed as positive or negative relative to the industry. Suppose you create an inventory ratio calculated as inventory divided by current liabilities. 

How do you interpret this ratio? How does East Coast Yachts compare to the industry average?

Answer rating: 100% (QA)

The liquidity ratio of East Coast is below the commercial average for current ratio this implies that its liquidity is lower as compared to industry however this ratio is above the lower quartile and ... View the full answer