Answer Happy

If a bond rating is upgraded from BB to AA, what will happen to its price and required return? a. They will both increase b. They will both decrease c. The price will increase, but the required return will decrease d. The price will decrease and the required return will increase If a firm has a current ratio that is above the industry average and a quick ratio that is below the industry average, would you be surprised if the firm had a high inventory turnover ratio? b. a. Yes, since the firm appears to have a high level of inventory Yes, since the firm appears to have a low level of inventory c. No, since the firm appears to have a high level of inventory d. No, since the firm appears to have a low level of inventory