Among the reasons that purchasing power parity (PPP) does not consistently occur are a. Exchange rates are affected by national income differentials and government controls. b. Exchange rates are affected by interest rate differentials. c. Supply and demand may not adjust if no substitutable goods are available. d. All of these choices are reasons that PPP does not consistently occur.

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