39) The current ratio is: a. used to assess a company's liquidity and short-term debt repayment capacity b. effectively by subtracting current liabilities from current assets c. effectively dividing current liabilities by current assets d. a creditworthiness measure that indicates a bondholder's margin of safety 41) Under the concept of lean production, employees are best used if they are experts in one operation instead of wasting time training to learn various operations of production. True False 47) The cash flow statement shows the effects on cash of a company's operating, investing and financing activities. True False 50) Percentage analyzes. ratios, personnel losses and other measures of financial position and results of operations are: a. a substitute for good judgment b. enough information for analysis; industrial information is required c. unnecessary for analysis, but reaction is better d. useful analytical measures