If an analyst's goal is to determine how effectively a firm is managing its assets, which of the following sets of ratios would s/he examine?
A. ?profit margin, current ratio, fixed charge coverage ratio
B. ?quick ratio, debt ratio, time interest earned
C. ?inventory turnover ratio, days sales outstanding, fixed asset turnover ratio
D. ?total assets turnover ratio, price earnings ratio, return on total assets
E. ?time interest earned, profit margin, fixed asset turnover ratio
Answer: C
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The behavioral approach describes ______.
A. what leaders do B. who leaders are C. skills leaders possess D. traits leaders display
Ricky has learned about EBM and decided to start using it within his department. The first thing he should do is to ______.
A. implement ideas from “breakthrough” studies without hesitation B. work on the development of collective brilliance C. realize that old ideas are old ideas and should be treated that way D. show favoritism to new ideas and theories
Which of the following supports the accrual basis of accounting?
A) revenue recognition concept B) cash concept C) matching concept D) revenue recognition and matching concepts
Accounting systems evolve through a three-step process: analysis, design and feedback
Indicate whether the statement is true or false