Unformatted text preview: s not changed significant ly because of the increase in shareho lders funds, which is partly due to the newlycreated revaluat ion reserve. In view of the effect on key ratios, it might be more appropriate to eliminate the effect of the asset revaluat ion in the current year’s balance sheet when co mputing the ratios. The revised ratios would enable more meaningful comparisons. There has been a slight decline in liquidit y, as revealed by the current ratio and acid test...
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This note was uploaded on 11/29/2009 for the course ACCOUNTING 2 taught by Professor Reynolds during the Spring '08 term at Open Uni..
- Spring '08