explain

1- (25 pts.) Answer the following the multiple-choice questions: 1-1 Which financial statement provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders? a) Balance sheet b) Income statement c) Cash flow statement d) Retained earnings statement. 1-2 Having a large value for which of the following ratios are not desirable. a) Debt ratio b) Current ratio c) Inventory Turnover d) Total Asset Turnover. 1-3 Which of the following is not an indirect cost? a) electricity b) maintenance c) property tax d) material 1-4 Which of the following is not a fixed cost? a) rent b) setup cost c) labor d) insurance 1-5 If you want to estimate the cost from the historical data, which of the following methods is useful? a) Learning curve b) Indexes method c) Power-sizing d) Delphi method