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What is insane is your analysis. I'll try to make it easy for you. Answer this: What is GM's current ratio?
Q2FY10 CR = $57.807BB/$50.347BB ~ 1.15Q2FY11 current ratio = $65.985BB/$53.848BB ~ 1.23CR is trending up, and I don't see liquidity problems.
Thank you. The current ratio is barely over one. Which means, this argument of 'GM is trading under cash' is so moronic that it is laughable. Oh, and btw.....a current ratio of barely over one is NOT anything to be proud of.
Correct, GM's balance sheet is a improving.