Assume that you are a shareholder of a large retail company. When you received the annual report,

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Assume that you are a shareholder of a large retail company. When you received the annual report, you noticed that the company did not have any cash recorded on the balance sheet. Instead, there was an item in the current liabilities section called "Bank overdraft." What does this represent? Should you be concerned? What ratio analysis could you do that might help you assess the seriousness of this situation?
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Financial Accounting A User Perspective

ISBN: 978-0470676608

6th Canadian Edition

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

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