Analysis of Financial Statement

Essay specific features

 

Issue:

Business

 

Written by:

Carrie P

 

Date added:

May 23, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 552

 

Was viewed:

9822 times

 

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Essay content:

In this case Panorama had current assets of $1808.89 and current liabilities of $975.00. A company's current ratio is very important in determining its bill paying capacities. The third category, the acid-test ratio, is a good method to determine if a company will be able to meet their short-term financial obligations...
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Acid-test ratio is found by taking the company's current assets minus inventories and dividing that by their current liabilities. Panorama had an acid-test ratio of 1.3, which indicates that it is a company with adequate liquidity. One thing to keep in mind when measuring liquidity would be to know what method of cost flow assumption was used, FIFO or LIFO...
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