QUESTION 15

1. The Return on Assets ratio will increase if the net income of Company B increases $100,000 while the Assets Decrease $100,000.

   True

   False

5 points

QUESTION 16

1. There is a Decrease in Long Term Debt if a company pays extra on a Long term note due to a very high interest rate.

   True

   False

5 points

QUESTION 17

1. Short term debt is debt a company owes that is due within 1 year.

   True

   False