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Current Ratio The good current ratio is between 100% - 150%.

The current ratio meant value of pre and post-merger and acquisition is good because above 150%. Current ratio meant value premerger and acquisition as 176,37% and current ratio value post-merger and acquisition as 180,40%. The low current ratio usually considered showing problem occurrence in liquidation, on contrary, exorbitant current ratio also not good, because show many idle funds and finally could decrease company ability to make profit (Sawir, 2005).

Return on Assets The company objective to do merger and acquisition, such as to get synergy, net income of merged companies higher than pre-merger net income amount. But, analysis result show that company’s return of asset not gets significant increase, it is because high merger cost and necessary time longer to make profit (Rahmawati, 2007).