________ is when the borrower fails to meet the repayment agreement

The financial statements for Lexington Service Company include the following items

2017 2016 Cash $52,500 $49,000 Short-term Investments 33,000 20,000 Net Accounts Receivable 52,000 51,000 Merchandise Inventory 160,000 46,000 Total Assets 534,000 553,000 Accounts Payable 129,500 126,000 Salaries Payable 25,000 14,000 Long-term Note Payable 58,000 55,000 Compute the current ratio for 2016. (Round answer to two decimal places.) A) 1.19 B) 0.84 C) 3.95 D) 6.66

Some retailers advertise items at very low prices or even below cost just to get customers into the store. This ________ strategy is prohibited in some states

A) bait-and-switch B) price lining C) predatory pricing D) loss leader pricing E) dynamic pricing