queation 27- 33 please

1:00 Acc.csusm.edu LIITRIES RS d. Posney amount does not include cash 27. Which one of the below is not true for fixed and variable expenses? a. Businesses have control over variable expenses b. Fixed expenses are operating expenses. c. Variable expenses are related to cost of goods sold. d. Fixed expenses are always greater than variable expenses 28. Which one of the below is not true for liquidity? a. It is a measure of how fast current cash can be converted into assets. b. If a business does not have sufficient liquidity it will not be able to pay off short term credits online c. Liquidity affects the business credit rating and Nility to borrow funds d. It is an important predictor of survival and longer-term growth 29. Why might a company have a high current ratio but a low quick ratio (acidesa a. Ineffective accounts receivable practices b. Cash bum c. Over investment in inventory d. Ineffective production 30. Why are fixed assets carried on the balance sheet at a price that may not reflect the true value a. True value of assets should also include tax expenses and they are not included in balance sheet calculations . Balance sheets cely include current assets, long term assets are not included c. The balance sheet reflects the historical costs of sand includes depreciation for fixed assets, they are not adjusted for actual market conditions d. True (market value accounts for competition, it is not included in balance sheet calculations 31. Which one of the below is true for financial statement ratio analyses? a. Profitability ratios are used to measure the ability of the firm to meet its short-term creditors' claims. b. Market ratios are used to determine how well a company is managing its assets and if the assets are being used at the optimum level c. Leverage ratios indicate how much of the company's net worth and asset commitment is being financed with debt (sources of funds obtained from credits). d. Liquidity ratios determine how well the form is using its assets and sales revenue to generale a positive return for its owners. 32. If a company has $18.00 in total liabilities and $225.000 in total assets, what percentage of assets is being financed with the use of other people's money? 2045 C1815 d. 22 55 33. Which one of the below is true for gross profit margin? a. It shows the return of investment on cach dollar of asset investment b. It shows how much the firm cared on cach dollar in sales after paying all obligations including interest and taxes. c. It shows how much each dollar of sales generates in operating income d. It shows how much profit is generated by each dollar in net sales 34. Which one of the below