1. Yesterday, Bicksler Corporation purchased (and received) raw materials on credit from its supplier. All else equal, if Bicksler’s current ratio was 2.0 before the purchase, what effect did this transaction have on Bicksler’s current ratio?
a. increased b. decreased c. stayed the same d. There is not enough information to answer this question. e. None of the above is a correct answer.
2. A stock had returns of 11 percent, -18 percent, -21 percent, 20 percent, and 34 percent over the past five years. What is the standard deviation of these returns?
3. The structure of Financial Statements and how they interact with each other.