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Do agree with the ceo statement about profits

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Reference no: EM132636027

You are a business journalist reporting on the financial performance of companies. In a recent interview with the CEO of an engineering company, the CEO stated that the company is performing very well at present and because it is using the most modern engineering technology while at the same time keeping its inventory levels low. The CEO stated that the use of state-of-the-art technology coupled with low inventory levels will soon result in the company achieving high profit levels.

The CEO presented the following ratio analysis to support his statements:

                        2017                     2018                2019                    2020

Current ratio   1.30                1.70                1.90                   2.10

Quick ratio      1.20                   0.80                0.50                   0.40

Required:

Problem 1: Do you agree with the CEO's statement about profits?

Reference no: EM132636027

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