Q: The liability section of the balance sheet: Select one: a. Provides specific information on the company's borrowing transactions during the previous year b. Provides information on what the company owes on a specific date c. Includes the goodwill of companies purchased by a company d. Should not include long-term debt due within a year Q: The return on assets ratio: Select one: a. Measures the liquidity of a company b. Is used by Buffett as one of the most important indicators of durable advantage c. Is a measure of the company's efficiency d. Is better if it is higher, according to Buffett