24) In a common-size financial statement, a designation of 25 percent could not be given to Select one: a) net earnings. b) total assets. c) cost of goods sold. d) total stockholders' equity. 25) Liquidity ratios are an indication of a company's Select one: a) ability to effectively employ its resources. b) overall debt position. c) overall debt to equity position. d) ability to pay bills when they are due and to meet unexpected needs for cash. 26) The financing period Select one: a) is the time it takes to purchase inventory, sell it, and collect the sales. b) defines how much additional financing the company must have to support its operations. c) is calculated as days' sales uncollected minus days'inventory on hand minus days' payable. d) measures a company's short-term debt-paying ability. 27) Publicly held corporations must file annual reports with the SEC. All such reports are available Select one: a) only to the SEC, the company's owners and management, and the company's auditors. b) to the general public. c) only to other SEC companies and the issuing company's owners and management. d) only to the SEC, the company's management, and the company's auditors