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9) The quick ratio: A. Indicates the ability of a firm to meet its current obligations without disposing of any inventory. B. Depicts the ability

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9) The quick ratio: A. Indicates the ability of a firm to meet its current obligations without disposing of any inventory. B. Depicts the ability of a firm to pay off its long-term debts in a timely manner. C. Compares the current cash holdings of a firm to current liabilities, D. Measures the firm's ability to generate cash from its operations. E. Indicates how quickly a firm can liquidate its inventory. 10) Solar Canada expects sales and net income to remain constant next year. If Solar Canada wishes to increase its earnings per share figures, then Solar Canada could: a. Increase the amount of dividend paid per share. b. Decrease the amount of dividend paid per share. C. Purchase more assets. d. Issue additional shares of common stock. e. Repurchase outstanding shares of common stock. 11) Determining the amount of liquidity needed by a firm is referred to as the: A. Capital budgeting decisions B. Capital structure policy C. Working Capital decision D. Aggregation planning decisions E. Financing policy decision 12) Courtney invests $1,200 today. If she can earn a 13.25% rate of return for the next two years, how much money will she have at the end of the two years? A $1,203.18 B. $1 232.01 C. S1.359.00 D $1 539.07 E $1 742.99

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