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| Topic: |
Business
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| Number of pages / Number of words: |
12 / 3249 |
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This ratio is the same as the current ratio except for the fact that inventories, the least liquid of the current assets, is removed from the equation. Mylan also outperformed the other three companies in this ratio as well. Mylan's lowest number for this ratio was in fiscal year three and was 2.83 times (data 3)...
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This was better than the highest of any of the three other companies in any of the three years, except for Cephalon in fiscal year one. Overall, based on the current ratio and quick ratio, it is evident that Mylan has sufficient assets to cover its liabilities due on an annual basis.
Another way to gauge the liquidity of a company is to see how quickly a firm's liquid assets, e...
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