An investment is said to be liquid if the investment: Select one: a. is traded on a stock exchange. b. can easily be converted into cash. c. has a large bid-ask spread. d. has large day to day fluctuations in price.

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A firm's year-end retained earnings balances are $670,000 and $560,000, for 2014 and 2015 respectively. The firm paid $10,000 in dividends in 2015. The firm's net profit after taxes in 2015 was ______. Select one: a. $110,000 b. $100,000 c. -$110,000 d. -$100,000

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