9:18 Q-1 6/6 CLASSIFICIATON OF FINANCIAL RATIOS Indicate whether each of the following financial ratios would be classified as a test of profitability, liquidity, or solvency or a market test when performing ratio analysis. Financial Ratios Asset Turnover Ratio Cash Coverage Ratio Cash Ratio Current Ratio Average Age of Receivables Average Days' Supply in Inventory Debt-to-Equity Ratio Earnings per share (EPS) Financial Leverage Percentage Fixed Asset Turnover Ratio Inventory Turnover Ratio Price/ Earnings (P/E) Ratio Profit Margin Quality of Income Quick Ratio Receivable Turnover Ratio. Return on Equity (ROE) Return on Assets (ROA) Times Interest Earned Ratio Tests of Profitability Tests of Liquidity Tests of Market Solvency Tests