1. Which of the following are uses of cash? Select ALL that apply.
A. The amount of inventory on hand is increased.
B. Marketable securities are sold.
C. The company reduces its accounts receivable balance.
D. Payments are paid on accounts payable.
E. The firm takes out a long-term bank loan.
2. The difference between the highest and lowest prices at which a stock has traded is called its:
A. trading range.
B. average price.
C. bid-ask spread.
D. opening price.
E. closing price.