Question 6 thank you.

L help to prevent le a contract is made negotiations to satisfy both U by doing this bother parties involved will be satisfied and work their best to produce positive results. Contracts also help generate profit and increase operational efficiency. When companies help each other and work together revenue generation will be higher. By improving the efficiency of a company, they will work smarter and faster 6. Jared analyzed the income statement for his independent label and found that for every dollar of sales, 30 cents was spent on cost of goods sold. The gross profit per dollar was 70 cents. If 30 cents was spent on operating costs and 10 cents on taxes, what is the net profit per dollar? (4 points) 7. A firm's long-term assets = $100,000, total assets = $400,000, inventory = $50,000 and current liabilities = $200,000. The industry average current ratio is 2.0 and quick ratio is 1.5. (3 points each) 7.1 What are the firm's current ratio and quick ratio? 7.2 What is the firm's liquidity position? 7.3 What is the firm's net working capital? 7.4 Why is working capital important to a business? AMSUNG