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53 Which of the following statements is true? Select one: a. The payout ratio measures the profitability of the owners' investment. b. The acid-test ratio

53 Which of the following statements is true? Select one: a. The payout ratio measures the profitability of the owners' investment. b. The acid-test ratio applies to manufacturing companies but not to service or retailing businesses c. High asset turnover is a sign of efficient use of assets. d. The price-earnings ratio is a long-term solvency ratio.

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