chaojimali

Chuck are you looking at the Secret Sauce? I think it's either wrong on not properly worded as to what it's displaying.

P. 86 in Schweser book 2 outlines pretty clearly that Current Ratio (and all IS and BS pure ratios) are the same under Current Rate method.

The secret sauce chart on p. 64 doesn't look right either, they also show Gross Profit Margin as being different under Current Rate method when this is a pure IS ratio. I think the chart maybe showing the effects of the methods vs. each other as opposed to original ratios.

Anyone with some clarity on this?