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MBA,MCS,M.phil
Devry University
Jan-2008 - Jan-2011
MBA,MCS,M.Phil
Devry University
Feb-2000 - Jan-2004
Regional Manager
Abercrombie & Fitch.
Mar-2005 - Nov-2010
Regional Manager
Abercrombie & Fitch.
Jan-2005 - Jan-2008
The new owners of Popular Choice Bhd., have hired you to help diagnose and solve problems that the company has had in maintaining adequate liquidity. As a first step, you perform a liquidity analysis. You then do an analysis of the company’s short-term activity ratios. Your calculations and appropriate industry norms are listed.
Â
|
Ratio |
Organic Food |
Industry Norm |
|
Current ratio |
4.5 |
4.0 |
|
Quick ratio |
2.0 |
3.1 |
|
Inventory turnover |
6.0 |
10.4 |
|
Average collection period |
73 days |
52 days |
|
Average payment period |
31 days |
40 days  |
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