Exhibit 3.1 the Balance Sheet and Income Statement Shown Below Are for Are

question 17

Multiple Choice

Exhibit 3.1
The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over.

-Refer to Exhibit 3.1.What is the firm's market-to-book ratio?

• A) 0.56
• B) 0.66
• C) 0.78
• D) 0.92
• E) 1.08

Discern the role and impact of technology in improving service delivery and quality.

Understand the economic significance of services in the U.S. economy.

Develop insight into customer expectations and perceptions regarding services.

Understand strategies for service differentiation and competitiveness.

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Definitions:

Franchising

A method of expanding a business and distributing goods and services through a licensing relationship.

Franchisee

A franchisee is an individual or company that has been granted the right by a franchisor to carry out business under the franchisor's brand and operational system.