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Essay

Financial ratios

Essay specific features

 

Issue:

Business

 

Written by:

Joshua L

 

Date added:

October 8, 2011

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 516

 

Was viewed:

735 times

 

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Essay content:

While our group was looking at Nike's financial statements we were asked to look at liquidity ratios. The first ratio we examined was the current ratio. While looking at this ratio, we noticed a slight improvement to 2.8 times from a slightly lesser figure of 2.7 times before modifications. It is always good for a company to have a higher current ratio because that is the rate in which they can cover there short term creditors with assets...
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It is always good for a company to have a higher current ratio because that is the rate in which they can cover there short term creditors with assets. Seeing that Nike's current ration went up .1 times after adjustments were made signifies a small improvement over the past year. This is a small difference but none the less growth is shown and Nike's liquidity has increased...
displayed 300 characters

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