Introduction to Accounting Information System
You are one of the accountants at Grace Manufacturing Company. One of the stipulations on the loan is that Grace must have a current ratio of 1. Based on the preliminary financial statements for the year just ended, Grace will violate the stipulation. Violation will negatively affect current and future loans.
Case study background
The accounting staff has identified two options to fix the problem, which include:. Present the findings of the accounting staff to the board of directors.
What points will you emphasize in your presentation? What is your recommendation?
BUSINESS IDEAS
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