Question 9 Asset Utilization Ratios are used to determine how efficiently an organization uses it assets. O True False Question 10 Liquidity ratios can be used to determine: if a company will be able to pay for additional inventory. if a company is making enough profit. if a company is using its debt efficiently. if a company is likely to be able to pay its debts which are coming due in the near future. Question 11 Jake's Fence Company's sales projections for the next three months are below, it expects to collect cash for 70% of its sales in the current month and 30% the month following. How much cash will it collect each month for the months of March, April and May? Sales in February were $162,500. Sales March April May 215,000 155,000 175,000 March $199,250, April $173,000. May $169,000 March $178,250, April $197,000, May $161,000 March $64,500, April $46,500, May $52,500 March $150,500, April $108,500, May $ 122,500