The rule of law and an impartial justice system prevent moral problems
Indicate whether the statement is true or false
TRUE
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Ronaldinho Trading Co. is required by its bank to maintain a current ratio of at least 1.75, and its current ratio now is 2.1. The firm plans to acquire additional inventory to meet an unexpected surge in the demand for its products and will pay for the inventory with short-term debt. How much inventory can the firm purchase without violating its debt agreement if their total current assets equal $3.5 million?
A) $0 B) $777,777 C) $1 million D) None of the above
A company's return on capital is ________
A) invested capital divided by net marketing contribution B) net profit multiplied by invested capital C) net profit divided by invested capital D) net marketing contribution divided by invested capital E) invested capital divided by net profit