1-Please construct a profit and loss statement for " Comfortable Shoes Store" for the year 2020 with the following info: Sales of shoes $120,000 Sales of shoe-polish 8,500 Income from shoe repair 22,000 Purchase of leather 34,000 Rent of store 44,000 Wages to employees 62,000 All other expenses 12,000 Tax bracket 22%

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.