need 2-8

3-8

3. How can a convenience store increase its asset turnover? 4. Is too low a financial leverage ratio good or bad? Why? 5. Differentiate between an IPO and an LBO. 6. Present five recommendations for retailers to improve their accounting and financial reporting practices with regard to disclosure ("transparency") of all relevant information to stockholders and others. 7. What is zero-based budgeting? Why do most retailers utilize incremental budgeting, despite its limitations? 8. What is the value of a percentage profit-and-loss statement? The disadvantage