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Ace Industries has current assets equal to $3 million. The company’s current ratio is 3.0, and its quick ratio is 2.5. 1.What is the firm’s level of current liabilities?million2.What is the firm’s level of inventories?millionAce Industries has current assets equal to $3 million. The company’s current ratio is 3.0, and its quick ratio is 2.5. 1.What is the firm’s level of current liabilities?million2.What is the firm’s level of inventories?millionYou plan to invest some money in a bank account. Which of the following banks provides you with the highest effective rate of interest? a.Bank 1; 6.1% with annual compounding. b.Bank 2; 6.0% with monthly compounding. c.Bank 3; 6.0% with annual compounding. d.Bank 4; 6.0% with quarterly compounding. e.Bank 5; 6.0% with daily (365-day) compounding.
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