1. A borrower who pays his or her account balance in full each month should get a credit card with
a long grace period
a high rate of interest on unpaid balances
a minimum monthly payment equal to the interest on the unpaid balance
accumulating annual fees
2. The Ashwood Company has a long-term debt ratio of 0.60 and a current ratio of 1.40. Current liabilities are $970, sales are $5,135, profit margin is 10.10 percent, and ROE is 17.40 percent. What is the amount of the firm's net fixed assets?
$4,470.99
$3,725.83
$7,063.65
$5,440.99
$8,421.65