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Why do investment firms not have to report current assets and liabilities? |
I've been trying to read the balance sheet for companies like Goldman Sachs, and Citigroup, and they don't have a quick ratio because of this. Is there some exception for this? Also, why is their Long Term Debt/Equity so astronomically high? financial firms esspecially banks are very different in this respect because their liabilities include all client account and their assets include all loans they have made. This is it's own college level classes to explain actually a couple of them so I won't try here just remember bank and financial institution balance sheets are different because of the business they are in. |
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