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Use the following to answer questions:
-(Table: Lemonade and Cookies) Use Table: Lemonade and Cookies. Assume that an economy produces only lemonade and cookies. If 2014 is the base year, real GDP in 2013 was:
Return Ratio
A measure of the profitability or effectiveness of an investment, calculating how much returns are gained relative to the investment's cost.
Common Stockholders' Equity
The portion of a company's equity that is attributable to the holders of its common stock.
Leverage
The use of debt to increase the return on an investment.
Accounts Receivable Turnover
A financial ratio that measures how efficiently a company uses its assets by calculating the number of times average accounts receivable are collected during a specific period.
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