Which of the following statements is true regarding the current ratio?
a. FIFO inventory can cause major problems with the current ratio because of the understatement of inventory.
b. Since the mid-1960s, the typical firm has successfully maintained a current ratio of 2.00 or better.
c. Focus is on the relationship between current assets and current liabilities.
d. Focus is on the relationship between total assets and total liabilities.
c
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If a broker employs a property manager, an agency relationship is created. This agency is considered:
a. specific b. general c. managerial d. universal
Jason Riggs' company is considered to be an in-supplier for a lawn mower manufacturer
However, recently the lawn mower company has put out a memo to in- and out-suppliers indicating that it would like to change product specifications and delivery schedules. Which of the following buying situations is most likely to be in operation given this data? A) straight rebuy B) single rebuy C) rakeback rebuy D) system buy E) modified rebuy