7. A measure of the Company's long term debt paying ability is Select one: a. Dividend payout b. time interest earned c. Return on assets d. Length of the operating cycle

8. How is the average inventory used in the calculation of the acid (quick) ratio and Inventory turnover, respectively: Select one: a. Numerator; Numerator b. Not used; Numerator c. Numerator; Denominator d. Not used; Denominator

9. Which of the following is normallyincluded in the financial budget of firm? Select one: a. Budgetted balance sheet b. Selling expense budget c. Direct materials budget d. Sales budget

10. On December 31, 2020, Pagudpod Company collected a receivable due from a major customer. Which of the following ratios would be increased by this transaction? Select one: a. Receivable turnover ratio b. Quick ratio c. Current ratio d. Inventory turnover ratio