During the Early Part of the 1994 Baseball Season,many Sports

question 46

Multiple Choice

During the early part of the 1994 baseball season,many sports fans and baseball players noticed that the number of home runs being hit seemed to be unusually large.Below are separate stemplots for the number of home runs by American League and National League teams based on the team-by-team statistics on home runs hit through Friday,June 3,1994 (from the Columbus Dispatch,Sunday,June 5,1994) . Legend: 2|9 represents 29. What is the maximum number of home runs from a National League team?

• A)7
• B)70
• C)67
• D)48

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Definitions:

Acid-test Ratio

A stringent indicator that determines whether a firm has enough short-term assets to cover its immediate liabilities without selling inventory.

Current Ratio

A financial ratio indicating a firm's capacity to settle short-term debts due within a year, determined by dividing its current assets by its current liabilities.

Marketable Securities

Financial instruments and assets that are easily liquidable and can be converted into cash quickly at a reasonable price.

Sales on Account

Revenues generated from sales where payment is deferred to a later date.