Bobcat Winery requires two months to make wine, two years to age it, one month to bottle it, two months to sell it, and one month to collect the receivable. Its operating cycle is

The financial statements of Weston Office Supply include the following items

2017 2016 Cash $43,500 $50,000 Short-term Investments 27,000 17,000 Net Accounts Receivable 102,000 97,000 Merchandise Inventory 125,000 119,000 Total Assets 527,000 554,000 Total Current Liabilities 251,000 242,000 Long-term Note Payable 59,000 51,000 What is 2017 current ratio? (Round your answer to two decimal places.) A) 0.84 B) 0.56 C) 1.19 D) 1.70

All of the following are reasons money will adhere to PPP accurately EXCEPT

A) Electronic transfers B) Universal value C) Easily determined price D) Not substitutable