Question 20 1 pts Reliable corporation has cash of $4,300, accounts receivable of $2,500, accounts payable of $900, and inventory of $1,200. What is the firm's current ratio? O 0.03 times O 7.56 times 6.67 times 0 4.78 times 8.89 times Question 19 1 pts A decrease in which one of the following accounts increases a firm's current ratio, other things held constant? Accounts payable O Cash O Fixed assets O Inventory Accounts receivable Question 18 The lower a firm's inventory turnover, the O faster the firm sells its inventory. O smaller the amount of inventory held by the firm, O faster the firm collects payment on its sales. o longer inventory sits on the firm's shelves. o longer it takes the firm to collect payment on its sales. Question 17 1 pts You are the manager for a division of a large firm. You are evaluated based on the financial ratios for your division. Which of the following would help you earn a high performance evaluation from your manager? The division's total asset turnover ratio is 1.0 and the average for other forms in its industry is 1.5. The division's days in receivables is 40 whereas the average for its competitors is 30 All the statements are correct The division's inventory turnover is 6, whereas the average for its competitors is 8 The division's ROE is above 12% and the average of other forms in its industry is 10%