Compound interest uses the accumulated balance at each year end to compute interest in the succeeding year.

Liberty Corporation reporting beginning and ending total assets of $25,000 and $22,000, respectively. Its net sales for the year were $18,800. What was Liberty's asset turnover ratio

A. 0.75 B. 0.85 C. 0.80 D. 1.25

The free look, or right to examine provision allows a policyowner the right to review and then return a policy for a full refund within no less than how many days?

A) 60 days B) 45 days C) 25 days D) 10 days"