Question 1 2.5 pts Net cash provided by operations represents O Net income converted to a cash basis. O The net increase in cash and cash equivalents for a period. O The cash provided by selling inventory to customers. O A measure of profitability.Question 3 2.5 pts Wangley Company has an inventory turnover of 8. Which statement is true? O Wangley has about 2 months of sales in its inventory O Wangley takes about 46 days from the time an item is sold until Wangley collects the cash O Wangley takes about one month from the time an item is purchased until the cash is collected from the sale of the inventory O Wangley sells it inventory 8 times faster than other companiesQuestion 6 2.5 pts Which of the following is not a profitability ratio? O Price-earnings ratio O Return on total assets O Earnings per share O Asset turnoverQuestion 7 2.5 pts Asset turnover is a measure of O How quickly a company is replacing its old plant assets with new plant assets. O How quickly a company is turning its sales into cash. O The overall efficiency with which the company uses assets to generate revenues. How rapidly the stock market believes the company will growQuestion 8 2.5 pts What does financial leverage measure? O How quickly a company generates profit from its assets O How quickly a company is turning its net income into cash O The overall efficiency with which a company uses assets to generate revenues O How effectively the company uses debt financing to acquire economic resources