QUESTION 4 Alfiero inc.'s income statement for the current year showed net income of 784.000, in the prior year. Alfiero inc's net income was 5695.000 The year to year percentage change in net income is closest to a. 13 b. 19 6.43 d. 87% QUESTIONS Liquidity measures the ability of a company to pay its debts and other financial obligations True False QUESTION 6 Apple's Receivables Turnover ratios 11.28. Microsoft's Receivables Turnover ratio is 4.49. Since Microsofts Receivables Turnover ratio is lower, it implies that Microsoft does a much better job of collecting its Accounts Receivables. True False QUESTION 7 An investor is performing a vertical analysis of a company's income statement. The investor would divide each line item on the income statement by Sales Revenue True False