Evaluating an Ethical Dilemma: Managing Reported Results
The president of a regional wholesale distribution company planned to borrow a significant amount of money from a local bank at the beginning of the next fiscal year. He knew that the bank placed a heavy emphasis on the liquidity of potential borrowers. To improve the company's quick ratio, the president told his employees to stop shipping new merchandise to customers and to stop accepting merchandise from suppliers for the last three weeks of the fiscal year. Is this behavior ethical? Would your answer be different if the president had been concerned about reported profits and asked all of the employees to work overtime to ship out merchandise that had been ordered at the end of the year?
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