Please help me solve these questions. Please number the answers and explain why you chose them
LIQUIDITY Calculation of the liquidity measure known as the "Current Ratio" requires dividing Current Assets by Current Liabilities. B. Which financial statement(s) would you need in order to find values for Current Assets and Current Liabilities on your own? (Mark all that apply.) Balance Sheet Income Statement Statement of Cash Flows LEVERAGE Calculating the leverage measure known as the "Debt Ratio" requires dividing Total Debts by Total Assets. B. Which financial statement(s) would you need in order to find values for Total Debts and Total Assets on your own? (Mark all that apply.) Balance Sheet Income Statement Statement of Cash Flows PROFITABILITY Calculating the profitability measure known as the "Net Margin" requires dividing Net Income by Total Sales. B. Which financial statement(s) would you need in order to find values for Net Income and Total Sales on your own? (Mark all that apply.) Balance Sheet Income Statement Statement of Cash Flows ASSET MANAGEMENT (aka Activity Ratios) Calculating the activity ratio known as the "Asset Turnover" requires dividing Sales by Total Assets. B. Which financial statement(s) would you need in order to find values for Sales and Total Assets on your own? (Mark all that apply.) Balance Sheet Income Statement Statement of Cash Flows LIQUIDITY Calculation of the liquidity measure known as the "Current Ratio" requires dividing Current Assets by Current Liabilities. B. Which financial statement(s) would you need in order to find values for Current Assets and Current Liabilities on your own? (Mark all that apply.) Balance Sheet Income Statement Statement of Cash Flows LEVERAGE Calculating the leverage measure known as the "Debt Ratio" requires dividing Total Debts by Total Assets. B. Which financial statement(s) would you need in order to find values for Total Debts and Total Assets on your own? (Mark all that apply.) Balance Sheet Income Statement Statement of Cash Flows PROFITABILITY Calculating the profitability measure known as the "Net Margin" requires dividing Net Income by Total Sales. B. Which financial statement(s) would you need in order to find values for Net Income and Total Sales on your own? (Mark all that apply.) Balance Sheet Income Statement Statement of Cash Flows ASSET MANAGEMENT (aka Activity Ratios) Calculating the activity ratio known as the "Asset Turnover" requires dividing Sales by Total Assets. B. Which financial statement(s) would you need in order to find values for Sales and Total Assets on your own? (Mark all that apply.) Balance Sheet Income Statement Statement of Cash Flows
