3 points QUESTION 1 Which of the following tactics would reduce short-term profitability but has a potential to increase profitability in long term? O A. Frequent sales discount B. R&D Investment OC. Subprime mortgage OD. None of the above J points QUESTION 2 You want to know if your company has cash enough to pay off its short-term debt for the next three months. Which ratio is best to look at? A. Equity multiplier B. Return on assets OC. Quick ratio D. Inventory turnover 0 0 0.0 QUESTION 3 3 points A mission statement must A include numbers that can be measured and evaluated OB. be short-term oriented and specific C. provide the whole list of products and service of our company D. define the customer needs that our company will satisfy QUESTION 7 Calculate e. Income Statement Sales Cost of Goods Sold General Operating Expenses a Other Revenues 2000 400 1600 400 1200 200 1400 (e) 200 600 100 500 Net Interest expense Income Taxes ( D Dividends to shareholder Retained earnings O A 1600 OB. 800 O C. 600 O D. 1200