Which of the following is the best indicator of management's effectiveness at managing the firm's balance sheet?
A) Debt ratio
B) Total asset turnover
C) Times-interest-earned
D) Operating profit margin
Answer: B
Business
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When you customers promise to pay you for things they have purchased, this is a(n) _________________.
a. Payable b. Receivable c. Account d. Credit
Business
Nick Leeson sold short straddles and combined them with long futures contracts. What hybrid would he have created if he combined long call options on the Nikkei Index and with long forward contracts? Why did he sell options instead of buying them?
What will be an ideal response?
Business