A relatively high price$-$earnings ratio indicates investors expect favorable future earnings.

True

False

Question $18$

$1$ pts

Return on assets is a market valuation measure.

True

False

Question $19$

$1$ pts

All of the following ratios are used to evaluate short$-$term liquidity except:

the receivable turnover ratio.

the current ratio.

the inventory turnover ratio.

the gross margin ratio.