Respect Essay Samples and Topic Ideas
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Order now with discount!respect, the current ratio results show that Potz and Pans is more likely to get the loan when compared to WannaBees. Question 2. The acid-test ratio for Potz and Pans has been calculated as 1.67:1 whereas the acid-test ratio for WannaBees has been calculated as 0.29:1. Based on the results, Potz and Pans should receive the loan. This is because the company has a ratio figure of 1.67:1 to indicate that for every $1 of current liability, the company has $1.67 liquid assets value to cover its immediate obligations. In addition, the figure shows that the company is collecting its receivables at a fast rate, paying its bills at the right time, growing sales and is not overleveraged. In contrast,...
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- Pages: 1