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1. (T / F) An equity investor is more focused on the Gross Profit Ratio than the Return on Sales ratio. 2. (T / F)

1. (T / F) An equity investor is more focused on the Gross Profit Ratio than the Return on Sales ratio.

2. (T / F) Assume that Company A does not have any prepaid expenses on its balance sheet. If the Current Ratio is 1 and the Quick Ratio is 0.8, inventory equals 20% of current liabilities.

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