The current ratio for 2014 was 1.70:1 and the acid test ratio was 0.81:1.

Analyse the results calculated in Q6 and using the ratios for 2014, advise Jolly Jewkes on their liquidity position making suitable recommendations for action if required.

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a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

answer; read and consider the content of the items;

answer///supply is elastic, and demand is inelastic;