Any breach allows the nonbreaching party to cancel the contract

All else being equal, which one of the following will decrease a firm's current ratio?

A) a decrease in the net fixed assets B) a decrease in depreciation C) an increase in accounts payable D) None of the above

As the convenience yield increases, which of the following is true?

A. The one-year futures price as a percentage of the spot price increases B. The one-year futures price as a percentage of the spot price decreases C. The one-year futures price as a percentage of the spot price stays the same D. Any of the above can happen