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Greyhound Stables, Inc operates several dog racing tracks throughout the United States. Since most facilities are outdoor tracks only, most of the cash receipts for

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Greyhound Stables, Inc operates several dog racing tracks throughout the United States. Since most facilities are outdoor tracks only, most of the cash receipts for Greyhound are received from April through October. These funds are usually invested in short-term very liquid investments, such as stocks and bonds. Among the stocks purchased last year, was Servitronics, a company specializing in automatic vending equipment. The company decided not to sell its Serveronics stock at the end of last year, and has purchased more of the stock this year. The company intends to continue to purchase stock until it holds enough to make a takeover bid for the company. The accountants have been instructed to continue to classity the investment as short term until the takeover is accomplished, so that less attention will be directed to it. (Presently Greyhound has no long term investment in stock at al.) To receive full credit, answer both Isit ethical for Greyhound to attempt to take over another comparvy? Is it ethical for Greyhound to leave its investment in the short-term investment category? Explain

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