1. Which of the following are key qualitative factors that should be considered when evaluating a company?

	to what extent is company performance tied to a key customer, a key product, or a single supplier
	what percentage of the companys business is generated overseas
	what is the company competition and legal and regulatory environments
	what are the companys future prospects
	all of the above are important qualitative factors

2. P/E ratios are reflections of:

	the firms growth prospects
	the firms risk
	both a and b
	neither a nor b

3. AAA's inventory turnover ratio is 13.27 based on sales of $14,200,000. The firm's current ratio equals 3.97 with current liabilities equal to $860,000. What is the firm's quick ratio? (Round your answer to two decimal places.)

	3.97
	2.73
	3.45
	1.55
	4.90