If a company has no liabilities its return on equity will equal its return on assets.

Question 18 options:

	1) True
	2) False

The assumptions made about future changes in the company have a great effect on the quality of the projected financial statements.

Question 26 options:

	1) True
	2) False

If a company sells its receivables this is an indication that it has very high quality receivables.

Question 34 options:

	1) True
	2) False

An increase in the current ratio due to increased inventory and receivables could be consistent with a recession in the economy.

Question 35 options:

	1) True
	2) False

Economic income and accounting income are always the same.

Question 36 options:

	1) True
	2) False