1. Which of the following measures refers to the amount of cash held above and beyond that which is required to cover the firm's short-term financial liabilities?
A) net liquid balance
B) cash conversion cycle
C) cash conversion efficiency
D) lambda
2. A certain investment increased in value 6% in the first year and 8% in the second year. If the value at the beginning of the first year was $10,000, what was the value at the end of the second year?
$10,700
$11,448
$11,400
$10,140
$10,740