QUESTION 1: The current ratio should be interpreted by considering all but

a) other firms in the same or relate industry

b) other special financial information

c) general Econo,ic and industry conditions

d) other firms in unrelated industries

QUESTION 2: The operating cycle of merchandising company differs from that of a service company in all of the following except:

a) is usually shorter in days

b) involves the sale of merchandise

c) involves the purchase of inventory

d) is usually longer in days