Definitional problems: Listed are 11 terms that relate to ratio analysis:
1. Book value per share
2. Inventory turnover
3. Debt‐to‐equity ratio
4. Average collection period
5. Average sales period
6. Return on common equity
7. Earnings per share
8. Price/earnings ratio
9. Return on total assets
10. Current ratio
11. Accounts‐receivable turnover
Choose the financial ratio or term from the list that most appropriately completes each of the following statements:

• The __________ tends to have an effect on the market price per share as reflected in the price/earnings ratio.
• The __________ indicates whether a stock is relatively cheap or relatively expensive in relation to current earnings.
• The __________ measures the amount that would be distributed to holders of common stock if all assets were sold at their balance‐sheet carrying amount and if all creditors were paid off.
• The __________ is a rough measure of how many times a company’s accounts receivable have been turned into cash during the year.
• The __________ is a measure of the amount of assets being provided by creditors for each dollar of assets being provided by the stockholders.
• The __________ measures how well management has employed its assets.