Question 38 In analyzing a company, "dollar value bias is eliminated by using! A Bench marking B. Common-size Statements c. Profit Margin Ratio D. Horizontal Analysis Question 39 Which of the following statements best defines accounting financial statements? Financial statements are the information system that measures business activities Financial statements are documents that report on a business in monetary terms, providing information to help people make informed business decisions, c. Financial statements process information into reports p Financial statements are the verbal statements made to business news organizations by chief financial officers. uestion 40 Using the appropriate accounts below compute the Company's Accounts Receivable Tumover Ratio for 2016: Accounts Receivable - Dec 31, 2015 $ 100,000 Reserve for Bad Debts - Dec 31, 2015 $ 10,000 Accounts Receivable - Dec 31, 2016 $ 260,000 Reserve for Bad Debts - Dec 31, 2016 $ 30,000 Credit sales - 2016 $1,500,000 OA 6,35 OB. 8.33 c. 9.38 Op. 7.50 E 7.62 0