11. Which profit margin would be greatest

A) gross B) operating C) net

12. Which type of ratio analysis compares a companys performance to that of competitors

A) time series B) cross sectional C) neither A or B

13. Liabilities equal:

A) assets B) owners equity

C) assets minus owners equity

14. Which financial statement is prepared at a specific point of time?

A) balance sheet B) income statement C) cash flow statement

15. Information needed to derive profitability ratios would be sourced from which financial statement?

A) balance sheet B) income statement C) both A and B