The ratio could increase with the purchase of $170,000 of inventory on account.
Fluctuation in economic activity
Answer:
$85.84 Million
Explanation:
Interest Income has been calculated as under:
Income on Consumer Loan = $372 * 17% = $63.24 Million
Income on Home Equity = $130 * 14% = $18.2 Million
Income on Consumer Loan = $40 * 11% = <u> $4.4 Million</u>
Total Income $85.84 Million
So the total income that the Friendly Financial will earn from the money invested will be $85.84 million.
Definitely by order of importance
The answer to this is C. To list the immediate goals of the business.