Question: You are provided this information about a retail store called BoardSports: BoardSports Industry Mean Current Ratio1.5 : 12: 1 Quick Ratio .75 : 11 :

You are provided this information about a retail store called "BoardSports:" BoardSports Industry Mean Current Ratio1.5 : 12: 1 Quick Ratio .75 : 11 : 1 Debt Ratio0.87 : 10.75 : 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 this company?Group of answer choicesThe company is in excellent financial condition with no changes required.The company is in poor financial condition with significant changes required.These ratios are not useful because they apply to the industry but not this particular companyThe company is in respectable financial condition with no changes required but some improvements could be made

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