For accounting purposes, the concept of fairness includes an owner’s stake in a company, after deducting all liabilities. Here’s a better take a look at what counts as fairness in accounting, and how it’s calculated. A present ratio of 2.00, which means there are $2.00 in present assets available for each $1.00 of short-term debt, is usually thought-about acceptable. Similar to the Income Statement, Acme manufacturing’s Balance sheet could be assessed by way of a wide range of ratios and…