Using the following year-end information for Calvin’s Clothing, calculate the current ratio and acid-test ratio for the business: Cash $ 51,680
Short-term investments 8,000
Accounts receivable 46,000
Inventory 150,000
Prepaid expenses 8,520
Accounts payable 102,000
Other current payables 30,100
a. 1.00 and 1.25
b. .50 and 1.25
c. 2.50 and 1.25
d. 2.00 and 0.80
e. 1.00 and 0.80

Statistical process control charts: a. indicate to the operator the true quality of material leaving the process. b. display upper and lower limits for process variables or attributes and signal when a process is no longer in control. c. indicate to the process operator the average outgoing quality of each lot. d. display the measurements on every item being produced. e. are a graphic way of classifying problems by their level of importance, often referred to as the 80-20 rule.

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year

Which external factor has enabled addition of special effects in advertisements and tracking of responses of customers over websites?