1. There is a very large variation in financial ratios between industries. What is the range of the inventory turnover across all industries?
a) 2.42 to 33.35
b) 3.89 to 43.48
c) 0.93 to 74.78
d) 12.60 to 67.96
e) 2.42 to 3.08
2. Effective Annual Rate A loan is offered with monthly payments and a 8 percent APR. What's the loan's effective annual rate (EAR)?
8.30%
14.23%
7.30%
8.88%