Use the figure below to answer the following questions. 
Figure 11.2.2
-Refer to Figure 11.2.2,which shows a perfectly competitive firm's economic profit and loss.The firm is breaking even at points
Definitions:
Receivables Turnover
A financial ratio indicating how quickly a company collects outstanding accounts receivable.
Current Ratio
A liquidity ratio that measures a company’s ability to cover its short-term liabilities with its short-term assets.
Inventory Turnover
A ratio that measures how many times inventory is sold and replaced over a certain period, used to evaluate the efficiency of a company's inventory management.
Average Collection Period
The average number of days it takes for a company to receive payments owed by its customers.
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