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Harrison Company Calculated the Following Amounts Concerning Its Financial Information

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Essay

Harrison Company calculated the following amounts concerning its financial information for the years ending December 31, 2017 and 2016: 20172016 Current ratio 3.1 to 12.0 to 1 Profit margin 22%18%\begin{array}{lrr} & \underline{2017} & \underline{2016} \\\text { Current ratio } & 3.1 \text { to } 1 & 2.0 \text { to } 1 \\\text { Profit margin } & 22 \% & 18 \%\end{array}
Required:
Examine Harrison's ratios.Is the change in the current ratio favorable or not? Explain.


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A sour liquid produced by squeezing lemons, known for its high vitamin C content and culinary and cleaning uses.

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The flowing body fluid that delivers necessary nutrients and oxygen to the cells and transports metabolic waste away from those same cells.

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