Consider an investment that has cash flows of $500 the first year and $400 for the next four years. If your opportunity cost is 10%, you should be willing to pay $1,607.22 for this investment

Proprietary software solutions to implement electronic data interchange systems now dominate the market for global supply chain management software

Indicate whether the statement is true or false.

Smith Corporation has current assets of $11,400, inventories of $4,000, and a current ratio of 2.6. What is Smith's quick or acid test ratio?

A) 1.69 B) 0.54 C) 0.74 D) 1.35