Firms a and b have the same current ratio, 0.75, the same amount of sales and cost of goods sold, and the same amount of current liabilities. however, firm a has a higher inventory turnover ratio than b. therefore, we can conclude that a's quick ratio must be smaller than b's.
a) true
b) false

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

answerembargo;

answer social mobility;