edf40wrjww2CF_PaperMaster:Desc
FINANCIAL STATEMENT ANALYSIS
2001 2002 2003 2004 2005
Current ratio Current Asset 471,282.00 552,006.00 535,360.00 785,855.00 764,409.00
Current Liability 146,955.00 186,074.00 127,750.00 140,392.00 139,788.00
3.21 2.97 4.19 5.60 5.47
CURRENT RATIO. The current ratio (Sannella, 1991) above shows that in the year 2001 the current assets of J P Morgan (MIkdashi, 2001) are 3.21 times larger than the current liabilities. The current ratio went down to 2.97 times in the year 2002. The current assets were 4.19 times larger than the current liabilities during the year 2003. The current ratio went up further to 5.60 times ...