TF 1. The objective of financial management is to maximize net income. TF 2. Decisions made by corporate decision makers determine the risk and return characteristics of a firm. TF 3. Assets are listed from the most liquid to the least liquid on the left hand side of the balance sheet TF 4. Selling bonds is an example of an investment decision. TF 5. The total asset turnover ratio is an example of a profitability ratio. TF 6. The quick ratio is a liquidity ratio. TF 7. Total asset turnover equals sales divided by total owners' equity. TF 8. One limitation of financial ratio analysis is that firms may use different depreciation methods. TF 9. A company that decreases dividends can expect the stock price to decrease. TF 10. Investments that have higher expected return have higher risk