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QUESTION 1 For each of the ratios listed below, indicate by the appropriate code letter, whether it is a liquidity ratio, a profitability ratio, or a solvency ratio Code: L Liquidity ratio P Profitability ratio S = Solvency ratio 1. Price-earnings ratio 2. Asset turnover 3. Accounts receivable turnover 4. Earnings per share 5. Payout ratio 6. Current ratio 7. Acid-test ratio 8. Debt to total assets ratio 9. Times interest earned 10. Inventory turnover