Question: INDUSTRY IQUIDITY RATIOS FORMULA COMPUTATION AVE. 1.1 Current Ratio 1.80 1 2 Acid-Test Ratio 0.94 1.3 Average Collection Period 25 1.4 Accounts Receivable Turnover 14.60

INDUSTRY IQUIDITY RATIOS FORMULA COMPUTATION AVE. 1.1 Current Ratio 1.80 1 2 Acid-Test Ratio 0.94 1.3 Average Collection Period 25 1.4 Accounts Receivable Turnover 14.60 1.5 Inventory Turnover 7

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