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intrepret the following result by comparing the two years of the LASCO DISTRIBUTOR LIMITED -...

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Accounting

intrepret the following result by comparing the two years of the LASCO DISTRIBUTOR LIMITED - Current ratio 2023-2.2 times & 2022-2.0 times Acid test ratio -2023-1.3 times & 2022-1.3 times Net profit margin -2023-5.1% & 2022-4.4% Gross Profit Margin -2023-17.3% & 2022-16.6% Receivable collection Period -2023-49 days & 2022-62 days Total Asset turnover ratio 2023-2.0 times & 2022-1.9 times Debt ratio: 2023-37.1% & 2022-39.9

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