All of the following ratios are used to evaluate short-term liquidityexcept:

1. the receivable turnover ratio.
2. the current ratio.
3. the inventory turnover ratio.
4. the gross margin ratio.
5. None of the answer choices is correct.

All of the following account balances would typically be used to calculate a current ratioexcept:

1. sales.
2. accounts receivable.
3. accounts payable.
4. cash.
5. None of the answer choices is correct.

All of the following accounts would typically be used to calculate the quick ratioexcept:

1. cash.
2. equipment.
3. accounts payable.
4. accounts receivable.
5. None of the answer choices is correct.

If net sales is growing at a greater rate than cost of goods sold, which of the following will always be true?

1. The gross margin ratio will decrease.
2. The gross margin ratio will increase.
3. Net income will increase.
4. Net income will decrease.
5. None of the answer choices is correct.

Which of the following types of measures focuses primarily on income statement information?

1. long-term solvency measures.
2. short-term liquidity measures.
3. market valuation measures.
4. profitability measures.
5. None of the answer choices is correct.

All of the following measures evaluate profitabilityexcept:

1. profit margin ratio.
2. return on assets.
3. market capitalization.
4. gross margin ratio.
5. None of the answer choices is correct.

All of the following measures focus on short-term liquidityexcept:

1. current ratio.
2. debt to assets ratio.
3. quick ratio.
4. receivables turnover ratio.
5. None of the answer choices is correct.

All of the following measures focus on long-term solvencyexcept:

1. inventory turnover ratio.
2. times interest earned.
3. debt to assets.
4. debt to equity.
5. None of the answer choices is correct

All of the following are measures used in the balanced scorecardexcept:

1. external business process.
2. customer.
3. learning and growth.
4. internal business process.
5. None of the answer choices is correct.