The Annual Percentage Rate is the ratio of the finance charge to the average about of credit over the life of the loan

The financial statements for Lexington Service Company include the following items

2017 2016 Cash $52,500 $49,000 Short-term Investments 33,000 20,000 Net Accounts Receivable 52,000 51,000 Merchandise Inventory 160,000 46,000 Total Assets 534,000 553,000 Accounts Payable 129,500 126,000 Salaries Payable 25,000 14,000 Long-term Note Payable 58,000 55,000 Compute the current ratio for 2016. (Round answer to two decimal places.) A) 1.19 B) 0.84 C) 3.95 D) 6.66

In a typical P.E.S.T analysis, which of the following examples is considered a political trend

affecting the market? A) increasing the interest rates on home and automobile loans issued by banks B) allowing incentives for automobile owners for trading their old gas-based cars for more fuel-efficient electric cars C) placing higher import tariffs on goods manufactured by a company based in a hostile country D) introducing flexible work schedules for employees with families and those who commute greater distances