Question: Answer in true or False

Normally a relatively low Inventory Turnover is desirable T or F

The ratio Gross Profit Margin is a measure of the profit percentage per dollar of sales T or F

The four classifications of ratio analysis are liquidity ratio, fixed asset ratio, profitability ratio and T or F efficiency ratios

Liquidity ratios measure the ability of a business to meet long term obligations T or F

Debt to Asset ratio measures the extent to which borrowed funds have been used to finance the acquisition of assets T or F