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no2koolaid

12/13/16 9:53 PM

#236209 RE: Goodtimes93 #236207

Additionally a current ratio is insufficient.



Really? How so? Based on what? Your acid test ratio is really better known in finance as a quick ratio. You know...Current assets minus inventory divided by liabilities. And, the discussion of mark to market is not only misleading it is irrelevant to a quick ratio analysis. But, it was used by Enron so it must be a good idea for analysis; just explain how. By the way, did I mention I have a doctorate degree in business with a focus on strategy, so the finance stuff I understand better than most? But, it does not take more than a little inquiry to see the Elite financials, including their increasing YOY revenues, are solid. It is there in black & white...PERIOD