[midas18250]

Over the past year, M.D. Ryngaert & Co. had an increase in its current ratio and a decline in its total assets turnover ratio. However, the company's sales, cash and equivalents, DSO and its fixed assets turnover ratio have remained constant. What balance sheet accounts must have changed to produce the indicated changes?

[morgaine300]

Please always start a new thread for you own question instead of tagging onto someone else's. I've moved yours to its own thread.

Also take a look at our homework guidelines that are in red print at the top of this very forum.

In the meantime, I'd suggest writing out each of the equations involved, and decide what could make that equation do what it did. (i.e. increase in current ratio - what change(s) in the numerator and/or denominator could make that increase?) Once you have that done, look for what's in common.