Engineering Economics
In case of bankruptcy of a partnership,

The partners are not liable for the liabilities of the partnership
The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities
The partners nay sell stock to generate additional capital
The partners personal assets are attached to the debt of the partnership

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Engineering Economics
Each financial ratio is generally compared by

A ratio of some selected firms most progressive and successful at the point of consideration
A ratio developed by using the projected financial statement of the firm
A past ratio calculated from the past financial standard of the firm
All of these

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