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Senna Ltd is a major retail company. The junior accountant has calculated some of the...

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Accounting

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Senna Ltd is a major retail company. The junior accountant has calculated some of the company's key accounting ratios and has also researched the corresponding ratios for their largest competitor, Neptune Ltd, as captured in the table below. Using the information provided, comment on the performance of Senna Ltd in relation to the competitor for each ratio. Ratios Acid test Total assets to total liabilities Debtors turnover period Senna Ltd 2.01:1 1.94.1 23 days Neptune Ltd 2.94:1 2:46:1 29 days

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