High fixed costs in a period of low activity can cause a low net profit margin.

Question 6 options:

	True
	False

Question 7 (1 point)

Sales to fixed assets will have the least meaning if assets are relatively new.

Question 7 options:

	True
	False

Question 8 (1 point)

Saved

In order to compute gross profit margin, the income statement must be in single-step format.

Question 8 options:

True

False

The SEC requires interim financial data on Form 10-Q.

Question 10 options:

	True
	False