Refer to the Following Figure to Answer the Following Questions

question 44

Multiple Choice

Refer to the following figure to answer the following questions.
Figure 7.1: U.S. Unemployment Rate: 1975-2015 (Source: U.S. Bureau of Labor Statistics)
-Using Figure 7.1, The approximate year of the peak of the boom was:

• A) 1982.
• B) 1992.
• C) 2005.
• D) 2010.
• E) 1990.

---

Definitions:

Liquidity

The ease with which an asset or an investment can be converted into cash without significantly affecting its price.

Net Income

The remaining earnings of a company post all tax and expense deductions from its total sales.

Common-Sized Income Statement

An income statement in which each line item is expressed as a percentage of sales, facilitating comparison across periods or companies.

Total Assets

The sum of all assets owned by a company, including current, non-current, tangible, and intangible assets.