Gross profit is the gross sales price charged for the goods sold

• True
• False

The return on total assets evaluates management's use of resources, essentially evaluating the return on the owner's investment

• True
• False

Financial statement users assess a business liquidity and solvency to see whether a business is generating enough cash to pay its debts

• True
• False

The operating cash flow margin describes how much net cash the business generated from each dollar of net assets

• True
• False

The Global Reporting initiative is continually being updated and improved through a process of consensus.

• True
• False