Which of the following statement i s NOT accurate? Financial statements serve a number of purposes:
A) from a lender's perspective they often form the basis for covenant restrictions.
B) financial ratios are useful for planning and budgeting purposes
C) financial ratios are only useful when using book values because market values change almost continuously and distort manager's intentions.
D) the ROE measure helps us to understand how well we are rewarding our investors.
C
You might also like to view...
[APPENDIX] Temporary differences occur when an item affects both book and tax calculations but not in the same time period
a. True b. False Indicate whether the statement is true or false
A marketer analyzing the types of media viewed and used by members of a target market is analyzing the ________ element of the marketing mix
A) product B) promotion C) place D) physical evidence E) people
After the completion of production, standard and actual costs are compared to determine the ____ of the production process
a. effectiveness b. complexity c. homogeneity d. efficiency
Under which type of automobile insurance arrangement are all automobile insurers in a state assigned their proportionate share of high-risk drivers based on the total volume of automobile business written in the state?
A) automobile insurance plan B) unsatisfied judgment fund C) reinsurance facility D) specialty automobile plan