Answer the following statements true (T) or false (F)
1. The current ratio is calculated as total current assets divided by total current liabilities.
2. A high current ratio indicates that current liabilities are greater than current assets.
3. The cash ratio helps to determine a company's ability to meet its short-term obligations using cash and cash equivalents.
4. The acid-test ratio measures a company's ability to pay all its current liabilities if they came due
immediately.
5. Merchandise inventory and prepaid expenses are excluded from the acid-test ratio.
1. TRUE
2. FALSE
3. TRUE
4 .TRUE
5. TRUE
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One of the risks of vertical integration is that there may be problems associated with unbalanced capacities or unfilled demands along a firm's value chain.
Answer the following statement true (T) or false (F)
Someone with a polychronic preference functions in two different temporal orientations, such as past and present
Indicate whether the statement is true or false
Bowie, a certified public accountant, prepares and certifies Candy Products Corporation's financial statements. These statements are included in Candy's registration statement filed with the Securities and Exchange Commission before Candy's offering of securities. Dona buys a security covered by the registration statement. Based on this transaction, Dona files a suit against Bowie under Section 11 and Section 10(b) of the Securities Exchange Act of 1934. To succeed in the suit, what must Dona prove? Bowie responds that Dona was not in privity with him and that even if she had been in privity, she cannot prove his lack of due diligence. Can Bowie prevail on these grounds? Why or why not?
What will be an ideal response?
Foiler Manufacturing, a new corporation, estimates it may generate approximately 200 kilograms of hazardous waste each month. Discuss the EPA requirements it faces in relation to this waste