Health Official MapQuest myfitnesspal youtube tv QUESTION 1 In horizontal analysis of the income statement, each item is stated as a percentage of total sales Tre False QUESTION 2 Solvency is the ability of a business to meet its financial obligations as they come due True False QUESTION 3 The ratio of net sales to assets provides a solvency measure that shows the margin of safety of the debtholders True False QUESTION 4 The quick ratio or acid-test ratio is the ratio of the sum of cash receivables and marketable securities to current liabilities True False QUESTION 5 Net sales divided by the year-end net accounts receivable gives the accounts receivable tumover True False QUESTIONS Net income minus the amount required for preferred dividends divided by the average common stockholders' equity gives the rate cared on O True False QUESTION 7 The rate earned on total assets is calculated by subtracting interest expense from net income and dividing this sum by the average total assets True Click Save and Submit to save and submit. Click Save All Arto sou all answers 1