Sub- Financial strategies creation Analyse case ImmuLogic pharmaceutical corporation - a consultant .Write report/analysis & 3 pages calculation
ImmuLogic Pharmaceutical Corporation
ImmuLogic Pharmaceutical Corporation is a relatively novel firm, with only four years of experience within the market. The organization nevertheless possesses increased potential and has decided in favor of going public in an effort to generate an expected $80 million in capital. Still, in a context in which the firm does not yet have a commercially viable product -- and this would take an additional four years -- a question is being posed relative to the future sustainability of the initial public offering. In other words, the company's executives now wonder whether or not they should proceed with the IPO, or whether they should withdraw it.
The offering of such an answer is an intricate endeavor, and it would be based on a multitude of aspects. At the initial level however, the analysis would rely on objective quantitative features, which are conducted through numerical data and which lead to relevant and unbiased conclusions (Balnaves and Caputi, 2001). Namely, at this stage, several financial computations would be completed in order to assess the financial strength of the ImmuLogic Pharmaceutical Corporation. In order to complete these computations, the data used would be collected from the financial statements of the firm.
a) Quick ratio
Quick ratio = ( Current assets -- Inventories ) / Current liabilities
Note: Since the ImmuLogic Pharmaceutical Corporation does not have a commercially viable product, its inventories are assumed at zero.
Quick ratio = Current assets / Current liabilities
Quick ratio in 1989 = 20,466 / 877 = 23.34
Quick ratio in 1990 = 15,142 / 890 = 17.01
The quick ratio portrays the company's short-term liquidity, better yet said, its ability to pay its short-term obligations with its most liquid assets (Investopedia, 2012). The computation of two ratios reveals that the company has decreased its ability to pay its short-term debts in 1990 relative to...
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