9. Which is the best example of a liquidity ratio? a. debt to equity ratio b. earnings per share c. current ratio d. inventory turnover

10. Owner's Equity is a(n): a. obligation to pay cash in the future b. obligation to pay cash today c. insider claim to the business's assets d. outsider claim to business's assets

11. Which is best example of a profitability ratio? a. return on assets b. return on sales c. debt ratio d. inventory turnover

12. Which is the most important reason for a business to exist? a. employees b. profit c. people d. community

13. Purpose of organization charts? a. they show the firm's structure and the relationship of employees within the organization b. they are a valuable tool for companies experiencing a large increase in research and development expenditures on new products c. they determine which jobs need to be accomplished and who will perform them d. they show the grouping of jobs into logical units