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QUESTION 3: Insolvency is immediately apparent by observing the ____________ ratio. debt ratio (debt to assets) inventory turnover total asset turnover current QUESTION 4: The

QUESTION 3: Insolvency is immediately apparent by observing the ____________ ratio.

debt ratio (debt to assets)

inventory turnover

total asset turnover

current

QUESTION 4: The balance sheet describes what aspect about the firm?

solvency

market impact

performance

continuity

QUESTION 5: Making changes to accounts just before the end of an accounting period, in order to make the firm look stronger than it actually is, is called

ratcheting

float constructing

spray painting

window dressing

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