Advance Financial Accounting and Reporting Issues – Assign. 5

Read CH 5 of your textbook Financial and Reporting Analysis 13th edition, as well as other sources online, and write a 700-word minimum essay that answers the following questions:

– Describe the current ratio

– What is a quick ratio used for

– what is the purpose of accounts receivable turnover

– what is asset turnover

– why is profit margin on sales important

– describe the debt to assets ratio