Window Dressing: Companies may resort to window dressing to challenge a favorable monetary picture. For example, a firm may put together its balance sheet at a point when its inventory level could be very low. In consequence, it may seem that the firm has a very snug liquidity position and a high turnover of inventories. When window dressing of this form is suspected, the monetary analyst should look at the average degree of stock over a time frame and not the extent of inventory at just one level of time.

In any case, the precise design was evidently the work of Teague’s son, Walter Dorwin, Jr., 18 years previous at the moment and a freshman on the Massachusetts Institute of Expertise. Young Teague borrowed ideas from each Ray Dietrich and Frank Hershey, the latter an employee of the Walter M. Murphy Company in those days. His design, considerably controversial on the time, seems now to be clean, sleek, and extra modern-looking than most luxury automobiles of the early Thirties.

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