ACC 291 Patten Fuller ratio analysis memo
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ACC 291 Patten Fuller ratio analysis memo
- Current Ratio (Unaudited)
2009 Current Assets 128,867 Current Liabilities 23,807 or (5 to 1)
2008 Current Assets 130,026 Current Liabilities 8,380 or (15 to 1)
Current Ratio (Audited)
2009 128,867 23,807 or (5 to 1)
2008 130,026 8,380 or (15 to 1)
Disagree:
This ratio is consistently a measure of short-term debt paying ability (Baker & Baker, 2011). However, it must be carefully interpreted (Baker & Baker, 2011). Observationally, the CEO's report to the board that all financial ratios have improved is inaccurate; in all actuality, the ratios have not. In effect, the numbers simply do not back up the declaration. The unaudited and audited current ratios show...
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