FINANCIAL MANAGEMENT GROUP ASSIGNMENTYes it is becoming

FINANCIAL MANAGEMENT GROUP ASSIGNMENTYes it is becoming easier for the company to meet its current debts. This is because the current ratio has increased from 2.1 to 2.4 to 2.6 in 2007 2008 and 2009 respectively. Under current ratio the conventional rule is that a ratio of 2:1 is considered satisfactory. This means that the company can sufficiently pay off its debts since its current assets are increasing each year in comparison to its current liabilities.
FINANCIAL MANAGEMENT GROUP ASSIGNMENTYes it is becoming easier for the company to meet its current debts. This is because the current ratio has increased from 2.1 to 2.4 to 2.6 in 2007 2008 and 2009 respectively. Under current ratio the conventional rule is that a ratio of 2:1 is considered satisfactory. This means that the company can sufficiently pay off its debts since its current assets are increasing each year in comparison to its current liabilities.
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