Financial ratios

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Title: Financial ratios

Essay Details:

Subject: Business

Author: Angelo V

Date: November 26, 2014

Level: University

Grade: A

Length: 2 / 516

Essay text:

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. 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...

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