Answer:
Luther Corporation
Current Ratio for 2006 is closest to:
1.1 : 1
Explanation:
a) Data and Calculations:
Total Current Assets = $144 million
Total Current Liabilities = $132 million
Current Ratio = Current Assets/Current Liabilities
= $144/$132
= 1.1 : 1
b) Luther Corporation's current ratio is a liquidity measure that shows Luther's ability to pay off short-term obligations worth $132 million or those due within one year with its current assets of $144 million. The ratio tells investors and analysts of Luther Corporation how Luther can use its current assets to pay off its current debts. Since Luther's current ratio is higher than 1, it is considered good, depending on the industry average. This means that Luther's current ratio of 1.1 : 1 should not be considered in isolation, but in comparison with other firms in the industry and its performance over a number of years.
'You work as the inventory manager at a golf pro shop.' In this scenario, you are in the role of buyer. This is further explained below.
<h3>Who is a buyer?</h3>
Generally, a buyer is simply defined as one who purchases a product or service.
In conclusion, In a golf pro shop, you're the inventory manager.' You play the buyer in this scenario.
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Hey There!
The A stands for "List alternatives".
Thank You!
Answer:
The correct answer is D
Explanation:
Consumer cost is the cost which is described as the price of the product and also encompasses the cost of the purchase, post use cost and the use costs.
The cost or expense of the purchase comprise or involve the cost of information gathering, searching the product regarding or in relation to the product as well as the cost of obtaining or acquiring the information.
Therefore, they are considering the price and also the license fees, insurance, finance charges and maintenance. So, all of the factors states the consumer cost.
