The Current Ratio and Inventory Turnover Ratio Measure the Liquidity

question 84

True/False

The current ratio and inventory turnover ratio measure the liquidity of a firm. The current ratio measures the relationship of a firm's current assets to its current liabilities and the inventory turnover ratio measures how rapidly a firm turns its inventory back into a "quick" asset or cash.

Understand the concept of prosecutorial discretion and its impact on the pursuit of criminal cases.

Recognize the options available for sentencing in criminal cases.

Describe the procedural differences between criminal and civil trials.

Explain the elements of criminal liability and defenses to crimes.

---

Definitions:

Equivalents

Items or quantities that are equal in value, function, or meaning.

AVC

Average variable cost, which is the total variable cost divided by the quantity of output produced.

Marginal Product Data

Information that shows how the addition of a single unit of a factor of production, such as labor or capital, affects total output.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and a product for which each supplier's offerings are perfectly substitutable by the consumers.