Ficus Company calculated the following amounts concerning its financial information for the years ending December 31,2014 and 2013:
REQUIRED:
Examine Ficus' ratios.Is the change in the current ratio favorable or not? Explain.
Definitions:
Equitable Outcome
An equitable outcome is a fair and impartial distribution of resources or opportunities among all members of a community or society, taking into account the needs and contributions of each individual.
Spending
The act of expending funds to purchase products or services.
Recession
A phase of short-term economic downturn characterized by a decrease in commerce and manufacturing, typically marked by two consecutive quarters of declining gross domestic product (GDP).
Inflation
The pace at which prices for general goods and services climb, reducing the value of money to buy them.
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