The annual average rate of return can be calculated by calculating the average of three years annual return on the investment.
It is given that the investment earned a positive return of 13.1% in the first year, a negative return of -4.3% in the second year and a positive return of 5.9% in the third year.
Hence the annual average rate of return shall be (13.1-4.3+5.9)/3 =<u> 4.9%</u>
Answer:
the acid-test ratio is 0.75 times
Explanation:
The computation of the acid-test ratio is shown below:
We know that
Acid-test ratio is
= Quick assets ÷ current liabilities
= $6,123,000 ÷ $8,144,000
= 0.75 times
Hence, the acid-test ratio is 0.75 times
basically we divided the quick assets from the current liabilities so that the acid-test ratio could come
Answer:
B-Enables workers to learn a variety of skolls
Explanation:
Im guessing a) availbility of substitutes the reason is because when i read this it makes me think the price went up because maybe cranberries are not in season but grapes are. Usually when something is not in season it cost more than when it was.
