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LUI UUUULI UCCUulo. 2016 asubs E8-15 The following ratios are available for Ming Inc. suwens...

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LUI UUUULI UCCUulo. 2016 asubs E8-15 The following ratios are available for Ming Inc. suwens oor word no immoo ) Evaluate liquidity. stus daripad urocos Isto (LO 4), AM 6 gigas ovisi etnuo os odh sn 2017 Current ratio Cold 1.3:1 ainuoos 1.5:1 obogsinsong Accounts receivable turnover 12 times 10 times osledi n Inventory turnover sogon arrogram 11 times los 9 timessa AS- Instructions (a) Is Ming's short-term liquidity improving or deteriorating in 2017? Be specific in your answer, referring to relevant ratios. (b) Do changes in turnover ratios affect profitability? Explain. (c) Identify any steps Ming might have taken, or might wish to take, to improve its man- agement of its accounts receivable and inventory turnovers. so

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