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Profitability measures are intended to indicate an entity's ability to earn income by operating efficiently. True/False? Working capital is the excess of a company's current

  1. Profitability measures are intended to indicate an entity's ability to earn income by operating efficiently. True/False?
  2. Working capital is the excess of a company's current assets over current liabilities. True/False?
  3. Vertical analysis of income statements automatically provides the cost of goods sold ratio and the gross profit ratio. True/False?

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