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Arden has the Highest Current Ratio in the Food Retail Industry (ARDNA, SUSS, WMK, WFM, VLGEA)
Jan 01, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Food Retail industry with the highest current ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations.Arden ranks highest with a a current ratio of 3.0. Susser Holdings is next with a a current ratio of 2.8. Weis Markets ranks third highest with a a current ratio of 2.2.
Whole Foods Market follows with a a current ratio of 2.2, and Village Super Market rounds out the top five with a a current ratio of 1.7.
SmarTrend recommended that its subscribers protect gains by selling shares of Weis Markets on October 3rd, 2012 by issuing a Downtrend alert when the shares were trading at $41.96. Since that call, shares of Weis Markets have fallen 6.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Write to Chip Brian at cbrian@mysmartrend.com
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