All of them

1. A firm with a total asset turnover lower than industry standard may have A. excessive debt. B. excessive COGS C. insufficient sales D. insufficient fixed assets 2. Which of the following statements about the current ratio is FALSE? A. This ratio is a meaningful measure of liquidity because the book value of the assets and liabilities used in the calculation tend to deviate only slightly from market values B. This ratio is calculated by dividing current assets by current liabilities C. It will always be greater than the quick ratio in companies that carry inventory D. This ratio is intended to indicate the short run liquidity position of the firm E. The higher the current ratio, the higher the level of cash must be for the firm 3. A firm with a substandard return on total assets can improve its return on equity, all else remaining the same, but A. increasing its debt ratio B. increasing its total asset turnover C. decreasing its debt ratio D. decreasing its total asset turnover 4. Time series analysis is often used to A. assess developing trends B. correct errors of judgment C. reflect performance relative to some norm D. standardize results