Lloyd Inc. has sales of $650,000, a net income of $39,000, and the following balance sheet: Cash$131,560 Accounts payable$168,740
Receivables180,180 Other current liabilities77,220
Inventories700,700 Long-term debt270,270
Net fixed assets417,560 Common equity913,770
Total assets$1,430,000 Total liabilities and equity$1,430,000
The new owner thinks that inventories are excessive and can be lowered to the point where the current ratio is equal to the industry average, 2.5x, without affecting sales or net income.

If inventories are sold and not replaced (thus reducing the current ratio to 2.5x), if the funds generated are used to reduce common equity (stock can be repurchased at book value), and if no other changes occur, by how much will the ROE change? Round your answer to two decimal places.
%
What will be the firm's new quick ratio? Round your answer to two decimal places.
x

a

b

b

a

c

b

d

d

none of these are correct, as they are all sources of american law

a

administrative jobs normally have someone answering phone calls and scheduling appointments, filing patient or customer information, making sure the front of the office looks nice to those who enter the building. administrative jobs can also include making sure the manager has everything they need for meetings, making delivers and much more. administrative jobs are important to most businesses as are customer service focused as they are often one of the first impressions a consumer sees of a business.

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.