1. What is the most meaningful measure of profitability for a firm and why? a. ROA b. ROE c. Net Income | BEP 2. Which current asset is typically the least liquid? a. Inventories b. Accounts receivable c. Marketable Securities d. All the above 3. Why EBIT and Operating Profit is not the same thing? a. They are the same thing just nam differently b. Because sometimes there is a non-operating profit c Because all organizations have investment profit as well d None of the above 4. When would the return on equity (ROE) definitely equal the return on assets (ROA)? a. Whenever a firm has no long-term debt b. Whenever a firm's debt-to-equity ratio is equal to one c. Whenever a firm's long-term debt ratio is equal to zero d. Whenever a firm's return on equity is equal to 100% e. Whenever a firm's total debt ratio is equal to zero 5. The financial ratio measured as EBIT plus depreciation, divided by interest expense, is the a. Cash coverage ratio b. Debt equity ratio c. Times interest eamed ratio