NAME: JADE ANGELIE CABANG MUYCO BSA-1B

Requirement:
1. Prepare an evaluation and interpretation of your findings.
– The current ratio of 3:1 (2017) and 2.78:1 (2018) can be interpreted to mean
that for every P1.0 of current liability, the company has P3 (2017) and 2.78
(2018) to pay it. This result may be considered favorable and satisfactory. As for
the Quick Ratio, every P1.0 liability, the firm has P2 (2017) and P2.28 (2018) of
assets to pay it. The higher the quick ratio, the more liquid the firm is and thus,
can pay its maturing debts. In the Receivable Turnover, the result of 6.67 times
could be interpreted to mean that the firm is able to collect all their receivables
6.67 in a year.