Question: Examine the effect on the company's current ratio and return on asset as shown in the table if it continues to generate more sales and

Examine the effect on the company's current ratio and return on asset as shown in the table if it continues to generate more sales and but takes on more long-term debt during 2023 in words.

For the Fiscal Period Ending

12 months

Dec-31-2020

12 months

Dec-31-2020

12 months

Dec-31-2020

Current Ratio

1.3 times

1 time

1.1 times

Return on Assets %

7.03%

11.48%

10.61%

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Based on the information provided we have three sets of data for the companys current ratio and return on assets for the period ending December 31 2020 Lets examine the effect on these financial ratio... View full answer

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