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Business
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| Number of pages / Number of words: |
7 / 1904 |
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Their current ratio in 1993 was 1.63; however by 2003, it declined to 1.03. While this is above one and higher than the previous five years, it is still a rather poor ratio. If for some reason Kodak would have to convert its assets to cash to cover their liabilities, the result would be very little cash reserve to spare...
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If for some reason Kodak would have to convert its assets to cash to cover their liabilities, the result would be very little cash reserve to spare. This downward pattern holds true for their debt-to-equity ratio. In 1993, their debt-to-equity was 5.06 dropping to a ten year low in 1995 of 1.83, back up in 2003 to 3...
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