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9 of 24 Marks Which of the statements below is considered incorrect regarding the relationship betweem depreciation and cash? O A. Depreciation is an allocation
9 of 24 Marks Which of the statements below is considered incorrect regarding the relationship betweem depreciation and cash? O A. Depreciation is an allocation of the cost of an asset to the periods in which the asset is used. OB. Accumulated depreciation is not a pile of cash waiting to be used OC. Recording depreciation expense provides a means of setting aside cash for the replacement of an asset. OD. Depreciation does not generate cash. Unsure 10 of 24 2 Marks Short-term liquidity is a company's ability to: O A. turn accounts receivable into cash. OB. sell inventory OC. shift current liabilities into long-term liabilities. OD. pay current liabilities as they become due. Unsure 12 of 24 Financial ratios, which assess the profitability of a company, include all of the following except the O A Gross profit percentage OB. Dividend yield ratio OC. Net profit margin ratio D. Return on equity
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