Which of the Following Was Rendered Invalid by the Federal

question 4

Multiple Choice

Which of the following was rendered invalid by the federal Consumer Goods Pricing Act of 1975?

• A)The Robinson-Patman Act (1936)
• B)State unfair-trade laws
• C)State fair-trade laws
• D)The Clayton Act (1914)

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Definitions:

Current Ratio

This ratio evaluates a corporation's potential to meet its immediate financial obligations, by dividing the total of current assets by the total of current liabilities.

Acid-Test Ratio

A financial metric that measures a company's ability to pay off its current liabilities with its most liquid assets.

Average Collection Period

The average number of days it takes for a business to receive payments owed by its customers.

Inventory Turnover

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