To help develop teamwork, the mission statement should be created when the team has been together for at least a year

Westwood Clothing Store reported the following selected items at June 30, 2017 (last year - 2016 - amounts are also given as needed)

Cash $ 80,000 Accounts Receivable, net: June 30, 2017 June 30, 2016 45,000 53,000 Accounts Payable 55,000 Cost of Goods Sold 288,000 Merchandise Inventory June 30, 2017 June 30, 2016 70,000 90,000 Net Credit Sales Revenue 480,000 Long-Term Assets 220,000 Long-Term Liabilities 140,000 Other Current Assets 150,000 Other Current Liabilities 130,000 Short-term Investments 40,000 Compute Westwood's acid-test ratio for 2017. Show your computations. (Round the answer to 2 decimal places.) What will be an ideal response

After Able had purchased his home, a survey revealed that his neighbor had previously built a fence that was three feet within his newly acquired property. If his neighbor was unwilling to make an amiable settlement, Able might be forced to pursue a civil action suit against:

a. the neighbor, for removal of the encroachment on the grounds of trespass, if less than five years have elapsed since the encroachment was created. b. the neighbor, under the law of adverse possession. c. the broker, for failure to disclose the encroachment. d. the title company, for failure to show encumbrance on the standard form title report.