Based on the following information from ABC Company’s financial analysis, which one of the following statements is NOT true?



Ratio

Year 1

Year 2

Year 3

Year 4

Year 5

Debt to equity

0.05

0.02

0.01

0.01

0.02

Operating income ratio

15.9%

18.6%

17.5%

19.6%

21.3%

Payable turnover ratio

9.75

10.63

11.24

13,15

13.52

Inventory turnover ratio

6.31

5.76

7.28

10.53

15.36

Gross profit ratio

58.3%

52.3%

46.9%

49.5%

41.3%

Net profit ratio

13.2%

15.2%

14.1%

15.9%

16.4%

Current ratio

7.35

4.96

3.28

2.65

3.14