What Did Pro-Labor Newspaper Editor John Swinton Imply When He

question 1

Multiple Choice

What did pro-labor newspaper editor John Swinton imply when he stated that "Capital often triumphs in the conflict with labor…yet capital would be even harsher and more exacting than it is, if it were not for the protest of the strike, and the warning it gives"?

• A) Strikes should be enacted even if union members do not fully support them.
• B) The federal government should set up an agency to arbitrate labor disputes.
• C) Strikes, contrary to popular belief, seldom failed.
• D) Poor working conditions would be much worse without unions and strikes.

Analyze a company's liquidity position using working capital, current ratio, and acid-test (quick) ratio.

Evaluate a company's efficiency through accounts receivable turnover, inventory turnover, and the operating cycle.

Assess a company's profitability using ratios such as net profit margin, gross margin percentage, return on total assets, and return on equity.

Determine a company's leverage and risk through debt-to-equity ratio, equity multiplier, and times interest earned ratio.

---

Definitions:

Initial Value Method

An accounting approach where investments are recorded at their purchase cost without subsequent adjustment for market changes.

Consolidated Net Income

The total net income of a parent company and its subsidiaries, after eliminating the effects of intercompany transactions.

Investment Account

An account held at a financial institution that holds securities, stocks, bonds, and other investment assets.

Intangible Asset

Assets that are not physical in nature, including goodwill, software, and licensing agreements, valuable to a company's operations.