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WXWP WXWP
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6 years ago
Refer to the following information
      Smith Office Supply   Industry Mean
   Current ratio   2.3   1.8
   Quick ratio   .4   .8
   Average inventory turnover   2.0   3.9
   Net sales-to-working capital   4.0   7.8
   Debt-to-net worth ratio   3.0   1.7
   Net profit to equity ratio   40.1 percent   22.2 percent

Which of the following statements is most likely false?
A) Smith relies heavily on inventory to meet its debt obligations.
B) Smith is sufficiently capitalized.
C) Smith's sales are inadequate.
D) Smith's prices may be too high and/or the inventory too "stale."
Textbook 
Essentials of Entrepreneurship and Small Business Management

Essentials of Entrepreneurship and Small Business Management


Edition: 6th
Author:
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tuhaftuhaf
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WXWP Author
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6 years ago
Good timing, thanks!
kobbhy
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
jayfo05
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2 hours ago
Thanks
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