QUESTION 18 The closing balance on a bank statement rarely matches the closing balance for the same date in a company's accounting records. This is because: O a. the company's accountants usually make some mistakes, while the bank's attention to detail is perfect. O b. both sides do not really CARE enough to get it right. c. too many things are happening at the end of a month, so accountants on both sides become distracted O d. there are always timing differences, regarding when each side knows about certain transactions that affect the bank account. O e. none of the above.QUESTION 19 The "times interest earned" ratio of a certain company will be of particular interest to: O a. the low-level employees of that certain company O b. the mayor of the city in which the certain company is located. O c. any people or businesses who have loaned money to the certain company O d. the premier of the province in which the certain company is located. O e. none of the above.QUESTION 20 If last year a company's inventory turnover ratio was 6.5 times, and this year it is 7.3 times O a. the company is selling goods more slowly this year, than last year. O b. the speed of selling goods has not really changed at all. O c. the company has been producing inventory and then holding onto it for longer, this year, than last year. O d. the company is selling goods more quickly this year, than last year. e. none of the above