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ACCT 211 DB2 - 2 The book states that Tamira will not be...

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BTN 4-3 (Beyond the Numbers) “Ethical Challenge” --page 173 1. Tamira could have used their current ratio, which measures a company’s ability to pay its short term obligation. This would have told Tamira if they would be able to pay off this loan. Tamira could have also prepared a classified balance sheet, which organizes a company’s assets and liabilities into important subgroups that provides important information to the person making the decision.
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Unformatted text preview: 2. The book states that Tamira will not be able gather all the needed information and enter the entire set of adjustments. This suggest to me that Tamira has not been keeping up with you’re her work sheet. If she had a good work sheet she would have not had to estimate on the expenses. I would have kept a good work sheet to alleviate all the estimating she had to do....
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