Small Business MGMT. Can you please assist me with answering these questions. Please include citations and reference where necessary because answers will not be valid without it. Thank you so much.

5. You are an investor in small businesses, and you have three business plans on your desk. Which of the following potential business owners do you think would be the best bet for an investment (if you could pick only one)? Defend your response. Value 5 points

a. A recent college grad, full of energy and ideas, but short on experience.

b. A serial entrepreneur who has previously started seven businesses, three of which were huge successes and four of which failed, losing their entire investment.

c. An entrepreneur who has been in business for the past 4 years. However, the first business had failed, and the entrepreneur has been operating his current business for the past 12 months.

10. Interpret any 2 of the 4 ratios. Value 4 points

a.

Ken's Hardware Store Industry Median

Current ratio = 1.87:1 Current ratio = 1.50:1

b.

Ken's Hardware Store Industry Median

Quick ratio = 0.63:1 Quick ratio = 0.50:1

c.

Ken's Hardware Store Industry Median

Debt ratio = 0.68:1 Debt ratio = 0.64:1

d.

Ken's Hardware Store Industry Median

Net profit on sales ratio = 3.24% Net profit on sale ratio = 7.6%