SWM - Mark Moore

1.200 Quick Asset Ratio 1.000 0.800 0.600 0.400 0.200 SWM AOI UVV Industry Average 0.000 2004 2005 2006 2007 2008 2004 2005 2006 2007 2008SWM 0.97 0.71 0.67 0.71 0.54AOI 0.88 0.93 0.71 0.93 0.88UVV 0.92 0.82 0.79 0.82 0.92Industry Average 0.93 0.82 0.73 0.82 0.78The chart pictured above conveys that the industries ratio as a whole has fallen since2004. This may be attributed to the lower amount of assets and inventories tobacco firms areable to maintain by law. The chart also can infer that Schweitzer-Mauduit could find problemsin the future meeting its short-term liabilities if the ratio does not increase. However theindustry as a whole has experienced decreasing ratio’s making the firms less able to withstanddisasters.106