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Q. You are provided with the following information of a fictitious company, X and S for answering the following questions. ROE company X 15%
Q. You are provided with the following information of a fictitious company, X and S for answering the following questions. ROE company X 15% company S 9.09% Debt to Equity 1.5 1.13 Current ratio 2.8 1.62 Quick ratio 1.7 1.15 Assume you are considering becoming a short term creditor for either Company X or S. That is, you will only be providing credit to only one of them. Explain which company you would prefer to provide credit and why you have chosen this company.
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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
4th Edition
978-0730302414, 0730302415
