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QUESTION 6 High profit margins indicate efficient management of assets. True False 4 points QUESTION 7 Return on equity measures the percentage return to the
QUESTION 6
- High profit margins indicate efficient management of assets.
- True
- False
4 points
QUESTION 7
- Return on equity measures the percentage return to the owners' investments in a business.
- True
- False
4 points
QUESTION 8
- "Patronage refunds payable" on the liabilities side of a cooperative balance sheet represent funds that have already been paid to members.
- True
- False
4 points
QUESTION 9
- All cooperative returns are created only at the cooperative level.
- True
- False
4 points
QUESTION 10
- Equity multiplier shows the percentage of assets that are financed or owed by the members.
- True
- False
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