10. The LOWER the inventory turnover, the _____________ days' sales in inventory, and the ___________ efficiency the firm is managing inventory.

Group of answer choices

lower; lower

lower; lower

lower; higher

higher; lower

12. Mary and Tom plan on retiring 10 years from today and plan to have the same amount saved at that time. In preparation for this, Mary is depositing $15,000 today at an annual interest rate of 5.0 percent. If Tom also makes a deposit today but earns an annual interest rate of 6.0 percent, would he deposit more or less than Mary?

Group of answer choices

less

more

14. The OCF (operating cash flow) calculated in finance is ____________________ than that from accounting principles because in finance we consider interest payment _________________.

Group of answer choices

smaller; operating expense

smaller; financing expense

larger; operating expense

larger; financing expense

15. Which of the following statements is TRUE about Pro forma statements:

I. Are projections, not guarantees

II. Must assume that no new equity is issues

III. Are limited to a balance sheet and income statement

Group of answer choices

I and III

III only

II and III

I only

II only

I and II