Q21:

which of the followings would not affect the gross margin ratio

a.

change in sales

b.

Change in cost of sales

c.

change in operating expenses

d.

change in gross profit

Q22:

which of the followings is NOT related to the quick ratio:

Select one:

a.

it measures the coverage of the current liabilities by the current assets of the firm

b.

it measures the liquidity of the firm

c.

it is suitable for the slow moving inventory industry

d.

. it measures the ability of the firm to pay current liabilities without relying on the sales of its inventory