Answer: 1.21
Explanation:
Acid test ratio is also referred to as the quick ratio and it is calculated as:
Acid-Test Ratio = Quick Assets / Current Liabilities
where,
Quick assets = $15090
Current liabilities = $12520
Acid test ratio = $15090 / $12520
= 1.2052
= 1.21
Answer:
b. An increase of $15 million
Explanation:
The computation of the cash impact of the change in working capital is shown below:
As we know that
Working capital = Current assets - current liabilities
So, the change in working capital is
= Increase in current assets - increased in current liabilities
= $40 million - $25 million
= $15 million
Hence, the b option is correct
There needs to be more information.
Answer:
Value based pricing
Explanation:
Value based pricing is a pricing strategy that includes setting a price based on how much the customer believes the product you’re selling is worth.
Answer:
a. inelastic
Explanation:
<em>As you can see in the image I added, the curve that is close to a vertical is the inelastic one.</em> Inelastic means that the demand remains the same even if the prices go up or down.
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