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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.
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
Average annual income during retirement--stated in inflation-adjusted dollars 330,123. Weighted average expected rate of return on your retirement fund: 2.07%
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