Quick Ratio 0,43 times means that East Cost Yachts (ECY) has its current liabilities covered 0,43times by its current assets that can quickly be liquidated as cash (excluding inventory)
–
notmore than half.It is positive compared to the Yacht Industry average which the quick ratio is 0,38times(surprisingly lower
than ECY’s
quick ratio
–
there are big differences compared to averagecurrent ratio) means that ECY has relatively higher liquidity positions than the average of itscompetitors, because in average the co
mpetitors’ current assets are dependent on inventory. If
we only see the current ratio, it seems that ECY liquidity position is worse than the average of
yacht industry, but after we analyze the quick ratio, we can see the fact that the average of yacht in
dustry’s current assets are bigger in amount because of the inventory value.
Quick Ratio 0,43 times means that East Cost Yachts (ECY) has its current liabilities covered 0,43times by its current assets that can quickly be liquidated as cash (excluding inventory)
–
notmore than half.It is positive compared to the Yacht Industry average which the quick ratio is 0,38times(surprisingly lower
than ECY's
quick ratio
–
there are big differences compared to averagecurrent ratio) means that ECY has relatively higher liquidity positions than the average of itscompetitors, because in average the co
mpetitors' current assets are dependent on inventory. If
we only see the current ratio, it seems that ECY liquidity position is worse than the average of
yacht industry, but after we analyze the quick ratio, we can see the fact that the average of yacht in
dustry's current assets are bigger in amount because of the inventory value.
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Quick Ratio means that 0,43 Times East Cost Yachts (ECY) has ITS ITS current assets by current liabilities Covered 0,43times be liquidated that Can Quickly As Cash (excluding Inventory). - Notmore than Half.It is positive compared to The Yacht Industry. Average which The Quick ratio is 0,38times (Surprisingly Lower. than ECY's Quick ratio - there are Big Differences compared to Averagecurrent ratio) means that ECY has relatively Higher Liquidity positions than The Average of Itscompetitors, Because in Average The CO. Mpetitors' current assets are dependent on inventory. IF We only See The current ratio, IT seems that ECY Liquidity position is worse than The Average of. Yacht Industry, but After We Analyze The Quick ratio, We Can See The Fact that The Average of Yacht in. dustry's current assets are Bigger in amount Because. of the inventory value.
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Quick Ratio 0 43 times, means that East Cost Yachts (ECY) has its current liabilities, covered 0 43times by its current. Assets that can quickly be liquidated as cash (excluding inventory)
-
notmore than half.It is positive compared to the. Yacht Industry average which the quick ratio, is 0 38times (surprisingly lower
than ECY 's
quick ratio
-
.There are big differences compared to averagecurrent ratio) means that ECY has relatively higher liquidity positions than. The average of itscompetitors because in, average the Co
mpetitors' current assets are dependent on inventory. If
we. Only see the, current ratio it seems that ECY liquidity position is worse than the average of
yacht. Industry.But after we analyze the, quick ratio we can see the fact that the average of yacht in
dustry 's current assets are bigger. In amount because of the inventory value.
.
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