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Yasir Medical company specializes in discovering a vaccine for Coronavirus, and recently, the company is having huge demand for its products. The company has selected
Yasir Medical company specializes in discovering a vaccine for Coronavirus, and recently, the company is having huge demand for its products. The company has selected the following information from its most recent annual report to be the subject of an immediate press release. The financial statements are being released. Net income this year was OMR 2.1 million. Last year's net income had been OMR 2.0 million. The current ratio has changed to 2:1 from last year's 1.5:1 The debt/total assets ratio has changed to 4:5 from last year's 3:5 The company expanded its truck fleet substantially by purchasing ten new delivery vans. The company already had twelve delivery van. The company is now the largest supplier of vaccines and medical couriers in Muscat. Required: Mr. Yasir, the company's chief executive officer, asks you to prepare a brief press release incorporating the information above. Include all information. Think carefully about which information (if any) is good news for the company, and which (if any) is bad news. (Your Press Release MUST NOT be more than 100 words)
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