1. How does a company use the combined inventory turnover ratio and the accounts receivable turnover ratio in working capital management?
2. Explain the difference between the effective annual rate (EAR) and the annual percentage rate (APR). Of the two, which one has the greater importance and why?
3. Locate the treasury bond in Figure 6.3 maturing in November 2024. Assume a $1,000 par value. Is this a premium or a discount bond?