Pharmacia has a larger number of current ratio, which means it has more current asset compared to its current liability. However, Chem-Med has more liability in percentage. Compared to the industry average, it has a larger current ratio, which means the percentage of current asset is beyond industry average. 2010 current ratio = 3,261,000/1,647,000 = 1.98 Chem-Med is facing a problem of liability increase. Q4: Debt-to-assets ratio: Total Liability/total asset. 2007…
Words 364 - Pages 2