Buy custom Citigroup
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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1066 |
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In December 2005, their quick ratio was at .59. At June 30, 2008, their quick ration had increased to .67. This is misleading because Citigroup has been putting off-balance sheet assets back into their balance sheet. This has caused their net income to take a sharp downturn but has kept their current and quick ratios stable...
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This has caused their net income to take a sharp downturn but has kept their current and quick ratios stable.
As for the profitability of Citigroup in 2005 the company boasted a net income of 24,589. The latest reported net income for Citigroup is at (6,506). That is a decline of (126%). Citigroup also shows a return on equity as 22...
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