Question 1

a.) Common size financial statements would report plant, property, and equipment as a % of liabilities plus capital. (True/False)

b.) Financial analysts "measure" profitability and financial position. (True/False)

c.) If a corporation with $1 in sales turns over its assets 5 times, it would $5 million in assets. (True/False)

d.) The more days sales in receivables the longer the average collection period. (True/False)

e.) The more days sales in inventory the higher the inventory turnover. (True/False)

f.) Contingent liabilities must be accrued if at all possible. (True/False)

g.) It's safe to say that all manufacturing costs go up when production volume increases. (True/False)