Since All Longitude Lines Are Essentially the Same, Going from Pole

question 16

Multiple Choice

Since all longitude lines are essentially the same, going from pole to pole, we might say the selection of one to be Prime Meridian is

• A)arbitrary because any longitude line could have been chosen.
• B)necessary because everyone knew it should go through Moscow.
• C)irrelevant because Washington, D.C.is the most powerful city in the world anyway.
• D)deterministic because the Prime Meridian is the only line of latitude dividing the globe into two hemispheres.

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Definitions:

Payables-To-Sales Ratio

A financial metric that analyzes the relationship between a company's total payables and its total sales.

Net Operating Working Capital

A financial metric that highlights a firm's operational liquidity by subtracting current liabilities (excluding short-term debt) from current assets.

Current Ratio

A financial metric quantifying a firm's capability to fulfill its short-term liabilities with its present assets.

Aging Schedule

Breaks down accounts receivable according to how long they have been outstanding. This gives the firm a more complete picture of the structure of accounts receivable than that provided by days’ sales outstanding.