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The Penn Central Revisited: A Predictable Situation
Paul E. Dascher
Financial Analysts Journal
Vol. 28, No. 2 (Mar. - Apr., 1972), pp. 61-64
Published by: CFA Institute
Stable URL: http://www.jstor.org/stable/4470905
Page Count: 4
You can always find the topics here!Topics: Current assets, Rail industry, Cash sales, Railway systems, Cash, Ratios, Debt, Business structures, Financial ratios, Liquid assets
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Using other railroads as a standard of comparison, the author finds that in the years 1968 and 1969 certain of the Penn-Central's long-term financial ratios were consistently so low as to suggest a very high risk of failure.
Financial Analysts Journal © 1972 CFA Institute