Activities necessary to remain in business are called valuable activities
Indicate whether the statement is true or false
False
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Which of the following ratios is the best measure in analyzing a company's ability to pay interest on long-term debt and to repay the long-term debt over several years?
a. Debt-to-equity ratio b. Times interest earned ratio c. Debt service coverage ratio d. Acid-test ratio
If net cash flows from operating activities were $388,000, net income were $100,000, and net sales were $1,200,000, the cash flow yield would equal (Round amounts to two decimal places)
A) $288,000. B) $812,000. C) 3.88 times. D) 3.09 times.
The perpetual inventory system provides an up-to-date amount of inventory on hand
Indicate whether the statement is true or false
________ is the fraudulent conversion of property by a person to whom that property was entrusted.
A. Embezzlement B. Bribery C. Forgery D. Extortion