1. One of your suppliers requires payment within 30 days of delivery. Which of the following ratios will your supplier focus most on when deciding to grant you credit?
2. You are providing financial advice to a shrimp farmer who will be harvesting his last crop of farm-raised shrimp. His current shrimp crop is very young and will, therefore, grow and become more valuable as their weight increases. Describe how you would determine the appropriate time to harvest the entire crop of shrimp.