Why are the Liquidity Ratios missing for some companies?
Liquidity ratios will not be available for companies that do not differentiate between short term and long-term asset and liabilities items. Companies where a majority of their revenues and/or business is derived from Financial Services or Banking operations will usually not distinguish between short term and long-term balance sheet items How do you interpret the Auditor Opinions? Unqualified — The Auditor’s opinion on the financial statements is given without any reservations. Such an opinion basically states that based upon their examination the auditor feels the company’s financial statements were prepared in accordance with generally accepted accounting principles and accurately reflect the results of operations and financial condition of the company for the period audited. Unqualified with Explanation — Is a Unqualified opinion with one of the following explanatory issues: • Part of audit was performed by another auditor • Departure from an accounting principle • Uncertainties e
