Financial Statements ACC/561

The current ratio for TRI year 2 indicates that there was efficient management of working capital. It fell not only from last year but also under the industrys average. This ratio falls in to the liquidity

The inventory Turnover went down slightly, which lets us know that it is taking longer to rotate and sell inventory. This ratio falls into the liquidity

The time interest earned improved and is over the industrys average, which indicates that TRI may consider increasing debt in the future if there are good investment opportunities presented. This ratio falls into the solvency category.

The debt to Equity decreased compared to the industrys average, which means a lower amount of financing by debt via lenders. This ratio falls into the...