The Table Below Shows the Actual Closing Daily Stock Prices

question 4

Multiple Choice

The table below shows the actual closing daily stock prices for Kyocera Corporation for September 2 through September 4, 2008.What is the 2-day moving average forecast for September 5?

• A)80.96
• B)79.94
• C)82.87
• D)80.12
• E)81.99

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Definitions:

Acid-test Ratio

A stringent measure of liquidity that evaluates a company's ability to cover its short-term liabilities with its most liquid assets.

Receivable Turnover

A financial metric that measures how quickly a company collects payments from its customers by comparing sales to accounts receivable.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a particular period, indicating the efficiency of inventory management.

Current Ratio

A liquidity measure that indicates a company's ability to pay short-term obligations with its current assets.