i DO NOT NEED ANSWERS TO THE DISCUSSION QUESTIONS. I NEED REPLIES TO 3 CLASSMATES.

THE REPLIES DO NOT NEED ANY SOURCES NOR DO THEY HAVE TO BE IN ANY PARTICULAR FORMAT.

Discussion Question (YOU DO NOT HAVE TO ANSWER THIS. I AM ONLY PROVIDING SO THAT UNDERSTAND WHAT WAS ANSWERED).

Post a clear and logical response in 150 to 200 words to the following, providing specific examples to support your answers:

• Which would you expect to have a higher current ratio: a jewelry store or an online bookstore? Why?

Note: Initial answers to the questions are due by 11:59 p.m. (Eastern time) on Thursday.

Respond to 2 students in a manner that is thought provoking and that appropriately challenges or elevates the discussion.

Classmate 1 (MM): I NEED A REPLY TO THIS

The jewelry store will have a higher current ratio. Jewelry stores need expensive display inventory. The stores need to pay for rent or mortgage for the business. There are monthly payments like electricity for the store. Jewelry stores need gift bags and boxes for all different types of jewelry. Jewelry stores offer payment plans to customers. Also, security and insurance for the store. the store has a bigger payroll than an online book store. Basic tools are needed to check jewelry. The store has to be a legal business entity. The store needs permits and licenses. Jewelry stores needs a large amount of inventory. There has to be a large store that has a restroom and storage areas. It cost more to have a jewelry store to be up and running than an online bookstore. The store requires decorations or renovations, which takes money. Lastly, a jewelry stores needs registers and computers for records.

Classmate 2 (JV): I NEED A REPLY TO THIS

The current ratio is measured by dividing a company's current assets by its current liabilities. This financial metric measures the ability of a company to pay off its short-term obligations. A current ratio greater than one indicates that a company can cover its short-term debt with its most liquid assets.

Before researching, I would say that a jewelry company would have a higher current ratio because of all the jewelry the store would have, and it is worth. But to my surprise, I looked up Tiffany and Co and their current ratio is 3.99. Comparing this jewelry store to Chegg, I was floored. Chegg is a form of an online bookstore used by many college students. Chegg’s current ratio is 11.3. A ratio under 1 indicates that the company’s debts due in a year or less are greater than it. The higher the current ratio, the more capable a company is of paying its obligations because it has a larger proportion of short-term asset value relative to the value of its short-term liabilities. However, while a high ratio, say over 3, could indicate the company can cover its current liabilities three times, it may indicate that it's not using its current assets efficiently, is not securing financing very well, or is not managing its working capital.

https://investor.tiffany.com/static-files/31f6f35f-4107-4943-aa6e-a2010e6f551a

https://www.investopedia.com/terms/c/currentratio.asp

https://investor.chegg.com/Sec-Filings/default.aspx

The reply that I need for the 3rd classmate is for a different discussion post. Here is the discussion question and below will be the response for classmate 3. Remember, I do not need you to answer the discussion. I have already done that. I only need a reply.

Here is the discussion question: (DO NOT ANSWER)

Select a global article published within the last year that has a relationship to this week’s topic. Duplicate articles are not permitted; select wisely, and check the discussion forum to ensure that no one has posted something similar.

Post a clear and logical response in 150 to 200 words to the following, providing specific examples to support your answers:

• Summarize the article, including the critical issues that the article discusses.
• Do you support or disagree with the article? Explain why.
• Identify the critical issues.
• Discuss the conclusions you came to after reading this article.
• Do you agree or disagree with the article based on the critical issues you identified? Provide examples to support your stance.

Classmate 3 (BM) (I NEED A REPLY TO THIS)

Article:

https://www.forbes.com/sites/kenberman/2020/05/05/big-techs-aaa-balance-sheets/#41615b2c9118

This article by Ken Berman uses fundamental and technical analysis of assets and liabilities on many companies that are highly tech oriented. Article describes how Apple, Amazon, Google, Microsoft, and Facebook have not only survives the current pandemic Covid-19 and economic crisis but have bulletproof balance sheets. Article identifies the critical issue of decline in revenue that most companies were faced with during the pandemic time but only a few managed to actually increase its revenue. The income statement of Amazon merits a mention, because it’s one of the few companies that’s actually increasing its revenues during the COVID crisis.

I agree with the article that lots of cash and equity, and little debt all serve as a cushion against difficulties raised from the current situation businesses are facing. These companies tend to have a better cushion when faced with adversity.

Article compares the business activities of such tech-oriented companies with the brick and mortar retailers like Macy’s which closed all of its stores. I came to the conclusion that when companies think outside the box, consider the effects of the pandemic in their business flow, and take full advantage of technology and other resources provided to them, will tend to perform better and continue revenue.

I NEED A REPLY TO THE ABOVE.