11. Defining Ratios. There are no universally accepted definitions of financial ratios, but some of the following ratios make no sense at all. Substitute correct definitions. (LO3)

a. Debt-equity ratio -

b. Return on equity- long-term debt long-term debt + equity net income average equity

c. Operating profit margin

d. Inventory turnover = net income + interest sales total assets average inventory

e. Current ratio current liabilities current assets sales

f. Average collection period= average receivables/365 cash + marketable securities + receivables g. Quick ratio current liabilities