Siddaka has been employed at the Bank of Neer do well for two years and she has been asked to analyse a company that has been operating in the Bahamas for the previous ten years. 

The company known as El Dorado placed a number of opaque transactions and reported a significant loss in its 2020 end of financial year results. Siddaka needs to understand whether the company is financially sound. 

What four characteristics could they apply that would assist in determining whether a company was financially sound.

Answer rating: 100% (QA)

When assessing the financial soundness of a company Siddaka can consider several characteristics that provide insights into its financial health Here ... View the full answer