Question: You are provided this information about a retail store called Board Sports Board Sports Industry Mean Current ratio 1.5 : 1 2 : 1 Quick

You are provided this information about a retail store called "Board Sports"

Board Sports Industry Mean

Current ratio 1.5 : 1 2 : 1

Quick ratio .75 : 1 1 : 1

Debt ratio 0.87 : 1 0.75 : 1

Average collection ratio 46 days 33 days

Net profit on sales ratio 5.5% 8.2%

Net profit to equity ratio 7.7% 13.2%

What can you reasonably assess about the current financial status of the company? Explain your answer

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