1. Efficiency ratios include all of the following ratios: average collection period, inventory turnover ratio, account receivable turnover ratio, total assets turnover *

True

False

2. Profitability ratios include all of the following: gross profit margin, operating profit margin, net profit margin and return on equity ratio *

True

False

3. EBIT reflects the cash that is available to pay the firm's interest expense. *

True

False

4. The forecasted cost of goods sold for 2020 is equal to: Average COGS x Sales 2019 *

True

False

5. Plant and equipment 2020= plant and equipment 2019+ additional plant and equipment *

True

False