Posted: January 23rd, 2023
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The company in question is Cronos, an innovative global cannabinoid company committed to building disruptive intellectual property by advancing cannabis research, technology and product development. They committed fraud in their financial statement.
– Discuss the impact of what the fraudulent activities had on the profitability, efficiency, liquidity and solvency ratios.
– How did these ratios compare with industry averages/ norms. (cannabis industry)
Links for reference:
You may also need to do small search on their financial statements if necessary, at the time of fraud, to identify the numbers/ratio
Thank you in advance.
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