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To: American Spirit who wrote (50937)	4/21/2001 3:44:18 PM
From: Joe Lyddon	Read Replies (1) \| Respond to of 57584

Current Ratio: Current Assets divided by Current Liabilities. Banks normally like a ratio of at least 2:1 (2.0) A Current Ratio of 16 is SUPER good! (which LPTH has) They could easily afford to use 14 times their current liabilities for other things before coming close to getting really bad financially. Now, this is all relative. . . if they have current assets of 1 mil, their current liabilities are 1/16th of it . . a mil isn't much.. But if their current assets were 1 bil, it's better of course. If a company has 10 bil in cash but owes 5 bil, current ratio is 2.0 and really does NOT have much cash to spend on anything else. Current Assets: assets like Cash in Bank, Accounts. receivable. . . Can be turned into Cash quickly. Current Liabilities: Accounts Payable, accrued payroll taxes. . . Must be paid very soon. Joe

To: American Spirit who wrote (50937)	4/22/2001 12:44:09 AM
From: maverick61	Read Replies (1) \| Respond to of 57584

AS - Didn't I advise you to take Accounting 101 for your own good a while ago. Message 15612933 And instead of you considering it - you came back with a glib answer: Message 15613165 But as evidenced by your post today where you don't even know what a current ratio is - and your post yesterday where you admitted you never looked at earnings, , market caps, cash, debt, etc - its apparant you REALLY NEED to take Accounting 101 - as well as investing 101. Not understanding what a current ratio is? For a value investor? Unreal !!!!! I don't know if you are more dangerous to yourself or others Please for your own good, learn some of these basics to help you in your investing.