7 Which of the following is correct? The acid test ratio focuses on inventory management. B The gross profit margin is identical to the operating profit margin in firms with no debt. The quick ratio and current ratio are identical in firms with inventory. Short term financial ratios focus on the net worth of the firm. Liquidity ratios provide information about the short term assets and liabilities of a firm. 10 Harpo is going to receive $10,000 ten years from now. Groucho is going to receive $10,000 eight years from now. Which one of the following statements is correct if they both apply the same positive discount rate to these amounts? Harpo's money is worth more than Groucho's money today. In ten years, the value of Groucho's money will be equal to the value of Harpo's money. The present value of Groucho's and Harpo's money are equal. D In today's dollars, Harpo's money is worth less than Groucho's. The value of Harpo's money will be more than the value of Groucho's money ten years from now