• Credit Acceptance average current ratio for 2023 was 17.03, a 9.8% increase from 2022.
• Credit Acceptance average current ratio for 2022 was 18.88, a 41.96% decline from 2021.
• Credit Acceptance average current ratio for 2021 was 32.53, a 30.96% decline from 2020.

Current ratio can be defined as a liquidity ratio that measures a company's ability to pay short-term obligations.