Refer to the Following Information: Smith Office Supply Industry Mean

question 57

Multiple Choice

Refer to the following information: Smith Office Supply Industry Mean
Current Ratio 2.3 1.8
Quick Ratio .4 .8
Average Inventory Turnover 2.0 3.9
Net Sales-to-Working Capital 4.0 7.8
Debt-to-Net Worth Ratio 3.0 1.7
Net Profit to Equity Ratio 40.1 percent 22.2 percent
Which of the following statements is most likely false?

• A)Smith relies heavily on inventory to meet its debt obligations.
• B)Smith is sufficiently capitalized.
• C)Smith's sales are inadequate.
• D)Smith's prices may be too high and/or the inventory too "stale."

---

Definitions:

Unpaid Labor

Work that is not compensated financially, often seen in the context of domestic duties or volunteer services.

Expressive Tasks

The emotional work necessary to support family members.

Second Shift

The phenomenon where working individuals, especially women, take on the majority of household and caregiving duties after their paid workday ends.

Unpaid Labor

Work that is done without any form of remuneration or compensation, often maintaining households and supporting family members, contributing to the economy indirectly.