METRO is broke (cont'd)

THE EXAMINER'S MICHAEL REED reports that METRO's liquidity ratio -- a key measure of an organization's ability to pay short-term debt -- has dropped to its worst level in five years (0.86 to 1).

The federal government prefers that agencies have at least a 1 to 1 ratio. In typical government-speak, METRO insists its ratio would look better if only the federal government would give it more money!

Posted by Kevin Whited @ 08/24/10 08:05 PM | Print |

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