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Brief Introduction to CML Healthcare:
CML HealthCare is a listed, Canadian company based in Mississauga. It has more than 30 years of history in serving healthcare and diagnostic services to Canadians. ...
The company operates within two categories and they are Healthcare and Diagnostic and Pharmaceutical Research. The Healthcare and Diagnostic segment involves laboratory testing and medical imaging services in Ontario, BC, Alberta and Quebec. ...
Financial Health:
Assessing the firm’s short-term liquidity
One way to assess the firm’s short-term liability is to calculate its current ratio which is defined as:
Current ratio = current assets / current liabilities
*Numbers come from the consolidated balance sheet of CML Healthcare (pg 27)
For year 2001 For year 2002
= 47951 / 33929 = 65549 / 59438
= 1.
Approximate Word count = 505
Approximate Pages = 2
(250 words per page double spaced)
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