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Robin Sporting Goods reported the following data at July 31, 2018, with amounts in thousands:
Calculate Robin’s net working capital.
Calculate Robin’s current ratio. Round to two decimal places.
Calculate Robin’s debt ratio. Round to two decimal places.
Do these values and ratios look strong, weak, or in between?
Sarah is awake for 100 hours per week. Using one diagram, show Sarah’s budget constraints if she earns $6 per hour,$8 per hour, and $10 per hour. Now draw in difference curves such that Sarah’s labor-supply curve is upward sloping when the wage is between$6 and $8 per hour, and backward sloping when the wage is between$8 and $10 per hour.
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