Reducing administrative expenses would have a positive impact on a company's gross margin percentage. True or False

All other things the same, purchasing merchandise inventory would negatively affect the accounts receivable turnover ratio at a retailer. True or False

As the accounts receivable turnover ratio increases, the average collection period decreases. True or False

Liquidity refers to the proportion of operating income relative to sales revenue. True or False

One way to improve inventory turnover is to decrease average inventory. True or False