Mercury Finance Co. estimated it will restate last year'searnings to a loss of between $48 million and $55 million, and saidits outside auditors will question its ability to continue as a goingconcern.
Mercury originally reported a $120.7 million profit for 1996.Today it estimated its net worth, expressed as shareholder equity, atbetween $138 million and $145 million, or less than $1 a share. Thestock fell 25 cents to close at $1.75.
Mercury said it expects its outside auditor, Arthur AndersenLLP, to express "doubts about the company's ability to continue as agoing concern, primarily because the company continues to be indefault of its debt agreements."The New …
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