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A ratio is created when you divide one number by another; a percentage results when the numerator (top number) used in your division is a
- A ratio is created when you divide one number by another; a percentage results when the numerator (top number) used in your division is a part of the denominator (bottom number).
- True
- False
- 10% is expressed as 0.01 in the decimal form.
- True
- False
- When current ratios are greater than 1 the business may have a difficult time paying its short-term debt obligations because of a shortage of current assets.
- True
- False
- The times interest earned ratio shows the firms ability to cover interest expenses with earnings before income taxes.
- True
- False
- Besides being the result of higher sales, a high food turnover could also mean that significant wastage, pilferage, and spoilage might have occurred.
- True
- False
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