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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Related Book For
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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