Task:
Glam Ltd. is a publicly owned company with 100,000 shares outstanding. At the last executive committee meeting, Sandra Redgrave, CEO of the company informed the board members of the economic slowdown that she anticipated during the next several years. She also told them that several U.S. firms were considering becoming more aggressive in the industry, particularly in Canada. Because of these external threats, management of Glam Ltd. anticipates more difficult times ahead. For this reason, company management is now trying to watch its financial ratios more closely in order to keep the firm under control. 


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