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Eddie Antar, the CEO of Crazy Eddie, was charged with securities fraud and other crimes...

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Accounting

Eddie Antar, the CEO of Crazy Eddie, was charged with securities fraud and other crimes but fled before his trial. He spent three years in hiding before he was caught in Israel and extradited back to the U.S. Antar and two other family members were convicted for their role in the fraud. Key Ratio Analysis Accounts receivable turnover Average number of days receivables outstanding Inventory turnover Average number of days inventory outstanding Accounts payable turnover Average number of days payables outstanding A/P as a percentage of inventory 1984 158.71 2.30 5.2622 69.3622 6.84197 53.3471 82.79% 1985 113.94 3.20 5.2618 69.3668 6.40773 56.9623 86.95% 1986 127.25 2.87 4.4989 81.1297 6.0879 59.9545 86.40% 1987 82.06 4.45 3.2231 113.242 6.3189 57.7623 45.86% 1988 63.91 5.71 4.1158 88.6821 6.40616 56.9763 71.92%

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