Which of the following is NOT considered to be a factor that affects the industry in which a firm operates?

Liquidity ratio: Lionel, Inc., has current assets of $623,122, including inventory of $241,990, and current liabilities of 378,454. What is the quick ratio?

A) 1.65 B) 0.64 C) 1.01 D) None of the above

What is the major advantage of a cap-and-trade system?

a) It reduces costs for companies under the cap. b) It puts companies under the cap at a competitive advantage when foreign competitors are outside the cap. c) It allows developed countries to meet greenhouse gas reproduction pledges by paying for carbon offset projects in developing nations. d) It actually reduces overall emissions as the cap is lowered.