Chastain Company's current ratio for 2015 was 1.42, which was slightly above the current ratio for similar companies in its industry. Chastain's quick ratio for 2015 was 0.68, which is substantially lower than for similar companies in its industry. What conclusion would you reach based on this information? Gleason Company and Henry Company are similar and similar-sized companies operating in the same industry. At the end of the most recent year, Gleason's price/earnings ratio was 22.0, and Henry's price/earnings ratio was 14.2. What conclusion would you draw based on the difference in price/earnings ratios for the two companies? Discuss the limitations that affect financial statement analysis