The objective of financial statements is to provide information about a company's internal control policies and procedures (Btaxable income and tax liability record of civil violations financial condition and performance Question 2 Accounts Receivable Turnover indicates how well a company is selling inventory to credit customers B is collecting cash from accounts receivables is collecting cash sales is collecting payments from employees Question 3 The Current Ratio and the Quick Ratio are indicators of the company's A ability to collect payments from investors B ability to pay current liabilities from existing resources cability to pay dividends to shareholders D ability to pay their debts over a long period of time Question 4