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Discount Travel has the following current assets: cash, $102 million; receivables, $94 million; inventory, $182 million; and other current assets, $18 million. Discount Travel also
Discount Travel has the following current assets: cash, $102 million; receivables, $94 million; inventory, $182 million; and other current assets, $18 million. Discount Travel also has the following liabilities: accounts payable, $98 million; current portion of long-term debt, $35 million; and long-term debt, $23 million. Based on these amounts, what is the acid-test ratio? OA) 3.86. O B) 2.84. C) 2.00 D) 1.47. Given the information below, which bond(s) will be issued at a discount? Stated Rate of Return Market Rate of Return Bond 1 Bond 2 Bond 3 Bond 4 10% 8% 12% 12% 12% 8% 15% 10% OA) Bond 1. OB) Bond 3. OC) Bonds 1 and 3. D) Bonds 2 and 4
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