Question
Faisal Anjum is the owner of a catering service in Gujranwala. The company has been profitable every year of its existence. Its debt ratio is
Faisal Anjum is the owner of a catering service in Gujranwala. The company has been profitable every year of its existence. Its debt ratio is currently 68 percent, its current ratio is 1:1, and its debt-to-equity ratio is 72.2 percent. Do these financial numbers cause any reason to be concerned? Why or why not?\
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
