The CEO of Knickerdoodles makes the following statements: The firm faced new competition from low-cost, start-up firms during 20x2 The firm’s operating performance is significantly better than the industry The firm’s ability to service outstanding debt has eroded during 20x2 Net margin has improved Given the data, how many of the CEO’s statement appear to be correct? (assume that the data provided includes all income statement information) 0 1 2 3

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Ibelieve it would be choice a ($24,630)