You plan to invest some money in a bank account. which of the following banks provides you with the highest effective rate of interest? hint: perhaps this problem requires some calculations. bank 1; 6.1% with annual compounding. bank 2; 6.0% with monthly compounding. bank 3; 6.0% with annual compounding. bank 4; 6.0% with quarterly compounding. bank 5; 6.0% with daily (365-day) compounding.

Which of the following actions would increase a firm's current ratio? borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment. use cash to repurchase some of the company's own stock. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash.