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FINANCIAL STATEMENT ANALYSIS

2001 2002 2003 2004 2005
Current ratio Current Asset 471,282.00 552,006.00 535,360.00 785,855.00 764,409.00
Current Liability 146,955.00 186,074.00 127,750.00 140,392.00 139,788.00

3.21 2.97 4.19 5.60 5.47

CURRENT RATIO. The current ratio (Sannella, 1991) above shows that in the year 2001 the current assets of J P Morgan (MIkdashi, 2001) are 3.21 times larger than the current liabilities. The current ratio went down to 2.97 times in the year 2002. The current assets were 4.19 times larger than the current liabilities during the year 2003. The current ratio went up further to 5.60 times in the year 2004. The current assets finally went up to 5.47 times the current liabilities in the year 2005. The current ratio is very important because the creditors prefer that the current assets must be larger than the current liabilities.......

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Approximate Word Count: 2488
Approximate Pages: 10 (250 words per double-spaced page)

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