03-30-2004, 03:15 PM
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Dear Mr.Irfan Mir
I`m a new user of this site and posting any mail for the first time.
The ATR to which you have referred is consistent which international standards.But the situation which you are describing is practically impossible rather it would be an ironic situation if a company`s current liabilities exceed its total assets and it would still earn profits.
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Dear aahan, it is possible that company's current liabilities exceed its total assets and the same company earns profits.
I personally myself have seen lot of companies in the same situation.
SMR
Dear Mr.Irfan Mir
I`m a new user of this site and posting any mail for the first time.
The ATR to which you have referred is consistent which international standards.But the situation which you are describing is practically impossible rather it would be an ironic situation if a company`s current liabilities exceed its total assets and it would still earn profits.
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
Dear aahan, it is possible that company's current liabilities exceed its total assets and the same company earns profits.
I personally myself have seen lot of companies in the same situation.
SMR
