1. Managing the firm’s assets includes all of the following EXCEPT:
A. Inventory B. Fixed assets C. Accounts receivable D. Notes payable
2. You can exchange $1 for £0.58 currently. Assume that the average inflation rate in the U.S. over the next four years will be 4.2% annually as compared to 5.3% in the U.K. Based on relative purchasing power parity, you should expect the _____ over the next 4 years.