“Liquidity Ratios” Please respond to the following:
- From the first e-Activity, evaluate the impact of not considering the current portion of long-term liabilities in the current ratio and working capital, and how this may impact day- to-day business decisions.
- Determine the implications of a significant positive change in the ratio. Provide a rationale with your response.
Comprehensive Income” Please respond to the following:
From the second e-Activity, elaborate on the potential consequences of eliminating the option to present other comprehensive income within the statement of changes in equity on financial statement users and companies.
Evaluate the effect of the increased prominence of other comprehensive income on financial statement users and companies.