Answer:
b
Explanation:
<em>The correct answer would be a share price of the mutual fund.</em>
<u>The Net Asset Value (NAV) is defined as the total assets less the total liability of a mutual fund or an exchange-traded fund. Mathematically, it is represented as:</u>
NAV = asset's value - liability's value
The net asset value, when it concerns the mutual fund is represented on a per-share basis and is used to determine the value of assets held by investors.
Hence, the net asset value can be viewed as a share price of the mutual fund.
Correct option: b
Answer: Quick ratio.
Explanation:
The quick ratio(QR) also known as the acid test ratio, is a measure of the assets a business posseses that can quickly be converted to cash to settle current liabilities/costs.
The formula for QR is:
QR = (cash/equivalent+marketable securities+accounts receivable) ÷ current liabilities
Answer:
False
Explanation:
Im pretty sure this is the answer. Sorry if im worng.