Solve the tests

1) Which of the following is assets? a) Inventory b) Sales c) Expenses 2) Which of the following is liability? a) Buildings b) Loan from E Smith c) Motor vehicles 3) Which of the following assets are current assets? a) Current account at bank b) Offices c) Office fumiture 4)Definition: a measure of how well management has used the capital invested by shareholders, tells us the percent retumed for each dollar (or other monetary unit) invested by shareholders. This definition corresponds to: a)retum on assets b) curent ratio c) retum on equity