SONY company? Calculate the current ratio and quick ratio for the latest two years, obtain the industry average ratios from
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- Calculate the current ratio and quick ratio for the latest two years, obtain the industry average ratios from the IBISWorld database.
- Discuss what each of these ratios tells you about the companys current financial condition, and how they compare to the industry averages.
- Identify the major causes of any changes in these ratios and discuss your assessment of the company based on these changes.
- Review the balance sheet and the notes to the most recent financial statements, and identify any contingent liabilities.
- Discuss whether or not you agree with how the company chose to treat each contingency on the financial statements (i.e., recorded vs. disclosed, but not recorded).
- Discuss the effect on the financial statements of the companys treatment of the contingency.
- Discuss whether the contingent liabilities change your assessment of the company.
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