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Grey Company has a current ratio of 0.30 and return on equity of 0.05. Which of the following statements is the best regarding Grey's profitability and solvency?
a. Grey is very profitable, but not very solvent.
b. Grey is very profitable and very solvent.
c. Grey is not very profitable, but very solvent.
d. Grey is not very profitable and not very solvent.
Corporate Strategy
The overarching strategy of an organization, outlining its overall direction and objectives, and determining how to allocate its resources across the entire corporation.
Business Strategy
A plan of action designed to achieve a long-term or overall aim within a business.
Strategy Formulation
Strategy formulation is the process of creating strategies to achieve organizational goals, involving the analysis of the competitive environment and the organization's internal capabilities.
Benefits
Benefits are the indirect and non-cash compensation paid to employees in addition to their normal wages or salaries, such as health insurance, retirement plans, or allowances.
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