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Jonny deposits $1,000 into an account that pays 4% interest compounded annually. Mark deposits $1,000 into an account that pays 4% simple interest. Both deposits
Jonny deposits $1,000 into an account that pays 4% interest compounded annually. Mark deposits $1,000 into an account that pays 4% simple interest. Both deposits were made today. At the end of one year, Do you think both Jonny and Mark will have the same amount in their accounts? Discuss in detail using concepts learnt in class.
B) If you are a vendor providing trade credit to PQR co. which financial ratio(s) would be important for you to analyze in financial statements of PQR and why?
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