Williams Inc. has a current ratio equal to 3, a quick ratio equal to 1.8, and total current assets of 6
million. Williams' inventory balance is
A) 2,400,000. B) 4,000,000. C) 4,800,000. D) 2,000,000.
Question 2
All of the following are duties of the mortgagee under the standard mortgage clause EXCEPT
A) to reimburse the insurer for any loss payments.
B) to notify the insurer of any change in ownership of the property of which the mortgagee is aware.
C) to provide a proof of loss form if the insured fails to do so.
D) to pay the premium if the insured fails to do so.
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