Denise's uncle wants to know how efficiently his firm manages its assets and operations to generate net income. Thus, he has contacted Denice and asked her to help him calculate the firm's ______________________ ratios.

Multiple Choice

• long-term solvency

• short-term solvency

• asset management

• profitability

• turnover

If you are asked to calculate the cash flow from assets of your firm, you have to exclude ________________.

Multiple Choice

• cash account

• all must be included

• sales

• accounts payable

• inventory

Bob is developing a financial plan for his firm. His manager has reminded him to take into consideration of the firm's _____________ in this task.

I. products to be sold in Mexico

II. employees to be hired locally

III. net working capital needs

IV. customers to whom the firm's products are sold

Multiple Choice

• I and III only

• II, III, and IV only

• I, II, III, and IV

• III only

• IV only