QUESTION 45 Debt to total assets is an example of what type of ratio? Debt Management Asset Management Profitability Liquidity QUESTION 46 The inventory turnover ratio calculates: how many times the inventory turns over in one period. number of times inventory is purchased in one period. the dollar amount of change in inventory in one period. None of the above answers are correct. QUESTION 47 The lower the times interest earned ratio, the more likely: O a business will produce a gain. O interest payments can be made. O a default in payment will occur. O a business can pay off their loan. QUESTION 48 The ratio that indicates how many days it takes to turn accounts receivable into cash is the O average collection period. O quick assets turnover ratio. O average turnover ratio. O accounts receivable turnover ratio. QUESTION 49 The gross profit rate is an example of this type of ratio. Profitability Debt Management Asset Management O Liquidity QUESTION 50 The current ratio is O quick assets divided by current liabilities. O assets divided by liabilities. net sales divided by current liabilities. O current assets divided by current liabilities