Question: 1. A current ratio that is above average and a quick (acid-test) ratio that is below average would indicate that the firm a. is using

1. A current ratio that is above average and a quick (acid-test) ratio that is below average would indicate that the firm

a. is using too much debt financing

b. should tighten-up its credit policy

c. is not keeping its cost under control

d. is holding excessive inventories

2.How much principal will you pay in the 13th year of a $95,000, 5.5%, 25 year mortgage, assuming annual compounding?

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