QUESTION 4 refers to an exponential decrease in production costs due to accumulation of experience A Switching costs 1. Economies of scale Learning curve D. Network externalities QUESTIONS This firm's quick ratio is Average total assets - 5700 Current liabilities $120 Cash and cash oquivalents - 30 Sales-S1800 Total assets: 800 Net current receivable - 40 Short-term investment: 50 Cost of goods sold - $550 Total liabilities (debt) - 5600 Net interest expenses $25 Average inventory - S60 EBIT-$500 Shareholders' equity: 200 Accounts Payable 580 General Operating Expenses 170 Net Earnings $300 A (25+10+6017120 8.00:50+00/120 (30-2540) 120 D. 03050-01120 QUESTION 6 Your inventory turnover has increased this year. What does this mean? Your products are not selling very well this year and therefore, your inventory level has increased e. Your products are selling more quickly and therefore, your inventory emptying out more quickly this year There are more damages to your inventory this year. D. This year, your products we selling more quickly than your competitors de