If the Demand for Digital Cameras Increases When Consumers' Income

question 522

Multiple Choice

If the demand for digital cameras increases when consumers' income rise, then digital cameras are

• A) a substitute good for video cameras.
• B) an inferior good.
• C) a complement to video cameras.
• D) a normal good.

Determine accounts receivable turnover and its implications on liquidity and operational efficiency.

Analyze the financial leverage through the equity multiplier, debt-to-equity ratio, and times interest earned ratio to understand a company's financial structure and risk.

Understand and calculate various financial ratios including gross margin percentage, earnings per share (EPS), and price-earnings (P/E) ratio.

Understand the significance and computation of dividend-related ratios such as dividend payout ratio and dividend yield ratio.

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