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Using a calculator, solve the following problems. Round your answers to the nearest tenth.
-A ship is 9 miles west and 11 miles south of a harbor. What bearing should the captain set to sail directly to harbor?
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations with its current assets.
Total Current Assets
The sum of all assets that a company expects to convert into cash, sell, or consume within one year or within the normal operating cycle of the business.
Current Liabilities
Obligations a company is expected to pay within a year, including accounts payable, short-term loans, and other short-term debts.
Common Size Income Statement
An income statement in which each line item is expressed as a percentage of sales, facilitating comparison across companies or periods regardless of size.
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