1. (5 points) Briefly explain the strong-form efficient markets theory.

2. (5 points) Explain what beta measures.

3. (5 points) Please indicate (and briefly explain) by examining which of the below indicators one can understand a firm's: i) capital structure, ii) capital budgeting, iii) net working capital decisions.

A) The long-term assets

B) The debt and equity

C) The short-term assets and liabilities

4. (5 points) What does a current ratio greater than 1 can tell us about a company?