1. How and Why does Supply and Demand affect Rental Prices for Real Estate whether it is Residential or Commercial?
2. What is the impact to the income statement if debt is invested into assets that are not used efficiently?
2. On December 31, the Foxglove Company reported the following information on its financial statements: Total current assets = $240,000 Total long-term assets = $100,000 Total current liabilities = $80,000 Total long-term debt = $90,000 Stockholder's equity = $50,000. According to this information, Foxglove's current ratio is
a. 4.25
b. 2.00
c. 1.80
d. 3.00