Topic > Case Study of 1300SMILE Ltd - 717

It looked like the company would soon go bankrupt as profitability, capital efficiency and liquidity ratios had declined. However, this may not be true. As debt-to-asset and debt-to-equity ratios have declined over the past four years, the company has become less dependent on leverage (Chron, n.d.). The company, therefore, is stable with a lower debt ratio and has a stronger capital position. Therefore, the company will still have a chance to improve its situation if it listens to a few