ACC560 Ethics case BYP 14-7 ANSWERS

ACC560 Ethics case BYP 14-7 ANSWERS - Week 10 Ethics case:...

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Week 10 Ethics case: BYP 14-7 Course: Managerial Accounting (ACC 560) BYP14-7 Jack McClintock, president of McClintock Industries , wishes to issue a press release to bolster his company's image and maybe even its stock price, which has been gradually falling. As controller, you have been asked to provide a list of twenty financial ratios along with some other operating statistics relative to McClintock Industries' first quarter financials and operations. Two days after you provide the ratios and data requested, Jeremy Phelps, the public relations director of McClintock, asks you to prove the accuracy of the financial and operating data contained in the press release written by the president and edited by Jeremy. In the press release , the president highlights the sales increase of 25% over last year's first quarter and the positive change in the current ratio from 1.5:1 last year to 3:1 this year. He also emphasizes that production was up 50% over the prior year's first quarter. You note that the press release contains only positive or improved ratios and none of the negative
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ACC560 Ethics case BYP 14-7 ANSWERS - Week 10 Ethics case:...

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