The statement of cash flows consists of two sections: cash flows from operating activities and cash flows from financing activities
Indicate whether the statement is true or false
F
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If a company's asset turnover ratio decreased from 2014 to 2015, which of the following conclusions can be made?
a. The company was more efficient during 2015 in using its assets to produce profits. b. The company produced less sales in 2015 for each dollar invested in assets. c. The company was less profitable in 2014. d. The company's average total assets decreased for relatively stable sales in 2014 and 2015.
Common-size statements are useful in assessing the changes in the composition of statements over time
Indicate whether the statement is true or false
Alcoholism and drug addiction are disabilities.
Answer the following statement true (T) or false (F)
Normalization is a process that is used for changing attributes to entities
a. True b. False Indicate whether the statement is true or false