Accounting plays a significant role within the concept of generating and communicating wealth
of companies. Financial statements still remain the most important source of externally feasible
information on companies. The models most-frequently applied for prediction of the Share Price
include the Capital Assets Pricing Model, the so-called CAPM, Market Model, Arbitrage Pricing
Model, and the Factor Model. The empirical studies carried out on the factors and variables
affecting the Share Price demonstrate that there exist numerous variables capable of predicting the
Share Price with greater precision. Included among such variable is Current ratio. Financial
statements are widely used by stakeholders to assess the economic value of firms on the
assumption that accounting numbers have a certain relationship with equity market values. The
present study has aimed at describing the relationship between accounting variable with the
Share Price using the cross sectional - correlation.