21. [Securitization of receivables] Sears engages in securitiza- tion of its credit card receivables. (Sec MDA Analysis

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21. [Securitization of receivables] Sears engages in securitiza- tion of its credit card receivables. (Sec MDA "Analysis of Con- solidated Financial Position") Calculate the effect of its securitization program on its 1999. (i) Current ratio (ii) Ratio of CFO to current liabilities (iii) Debt-to-equity ratio

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The Analysis And Use Of Financial Statements

ISBN: 9780471375944

3rd Edition

Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried

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