The numerator in the current ratio calculation is a. Intangible Assets. b. Current Assets. c. Current Liabilities. d. Property, Plant, and Equipment.

Reno Revolvers has an EPS of $1.50, a cash flow per share of $3.00, and a price/cash flow ratio of 8.0. What is its P/E ratio?

On January 1, 2013, Hays borrowed an additional $1,000 from Barnett Bank, bringing the total amount borrowed to $2,000. On January 1, 2014, Hays paid $500 on the principal of the loan. On December 31, 2014, Hays records the 2014 interest payment.

How close are we to total economic collapse?

State chartered banks are required to become members of the federal reserve system. a. True b. False

A company pays each of its two office employees each Friday at the rate of $210 per day for a five-day week that begins on Monday.

This year, major healy paid $ 40,000 of interest on a mortgage on his home (he borrowed $ 800,000 to buy the residence in 2015;

Inflation that is out of control is referred to as

Financial markets are important for bringing equilibrium to the loanable funds market, but do not affect the efficient allocation of scarce resources in the long-run. a. True b. False

Amanda is a 30% partner in the ACW Partnership with an outside basis of $22,000. ACW distributes land with a basis of $12,000 and fair value of $18,000 to Amanda in complete liquidation of her interest.

If profits are positive in the short run in a perfectly competitive industry, which of the following would you NOT expect to happen as the market moves to the long run? A. Each firm will decrease output. B. Profits of each firm will fall. C.