ences Mailings Review View Tell me Aa Bbcode A BOCBte AaBbcDc ABCD Aalbo al Normal No Spacing Heading 1 Heding 2 Title Business Knowledge Assessment (AOL Goal 7) Instructions Please answer the following questions in a succinct and concise manner. Each answer should yield about 3-5 sentences Add a cover page with your name, course name, instructor, and date. . You will receive extra credits toward your final prade directly from your course instructor after you have successfully completed this assessment Area 1Accounting Please answer the following questions in a succinct and concise manner. Each answer should yield about 3-5 sentences. 1. Financial ratios are widely used to analyze the financial position and performance of firma and business entities. For example: current ratio is commonly used to measure and assess short-term liquidity. Based on this, please answer the following questions with respect to current ratio, or with respect to any other financial ratio of your choice. 1. Explain how Current Ratio is computed and why it provides a measure for short-term liquidity b. Using the Current Ratio, how would you assess whether the liquidly level for a firm is too high, too low or just about right? 2 Describe the main differences between the fields of financial accounting and managerial accounting 3. Next, consider the following Iwo scenario An investor is uning financial ratios analysis to determine whether an investment should he punnid b. A manager is using financial ratios analysis to determine whether a product line or a segment should be discontinued, keep asis, or provided with additional investment and resources How are these scenarios related to the fields of financial accounting and managerial accounting! Are both related to the field of financial accounting Are both related to the field of managerial accounting? Is one scenario more related to financial accounting and the other more related to managerial accounting? Discuss and explain your answer. Area 2: E.comensis Please answer the following questions in a succinct and concise manner. Each answer should yield about 3-5 wentences 4. How would you define and explain the actual unemployment of the American economy in licht of the different types of unemployment you studied 53 O Focus 05 MacBook Air