An organization increases the amount of total assets it has on its balance sheet during the year 2020 . Which of the following statements is true regarding how those assets are financed? Liabilities must increase to finance the growth in assets Liabilities must decrease to finance the growth in assets Owners' equity must decrease to finance the growth in assets Depreciation must increase to finance the growth in assets Consider the following balance sheet: Assume that the business uses $30,000 from its cash account to pay employee salaries. Which of the following statements reflects the resulting balance sheet change? The cash account decreases by $30,000 and the retained earnings account is reduced by $30,000 The cash account decreases by $30,000 and the inventory account is increased by $30,000 The cash account decreases by $30,000 and the long term debt account is reduced by $30,000 The cash account decreases by $30,000 and the inventory account is increased by $30,000 The cash account decreases by $30,000 and the long term debt account is increased by $30,000 The cash account decreases by $30,000 and the accounts receivables account is reduced by $30,000 Assume an external supply vendor is evaluating a hospital's ability to pay for the supplies when the bill comes due in 30 days. Which financial ratio would the vendor most likely be interested in? Days of cash on hand Return on equity Fixed asset turnover Return on assets Hospital X reports a Return on Assets (ROA) of 8.5%. The hospital industry average for ROA is 12.7%. Comparatively speaking, based on this result, hospital X is making more efficient use of its assets than the hospital industry as a whole. True False