Accounting statements can be manipulated. Please try to give an argument pro and con on this ethical issue. Any actual public examples you would like to cite would be most appreciated by all. Scenario: The financial manager is worried that the current ratio indication of short-term liquidity is so bad that it will be difficult to obtain additional funding. Therefore, the financial manager takes out a $100 million loan payable in a year and day and places the funds in cash. This improves the cash position significantly (since the cash is short-term and the loan is long-term) and creates an excellent current ratio. The day after the fiscal year ends, the financial manager repays the loan with the cash and returns to business as usual. Is it ethical to “massage” your numbers to present the corporation in the best possible light? Explain.