True or false

1. Income statements reflect net worth.

2. Many variables affecting shareholder wealth are beyond the direct control of financial mnagers.

3. it's logical to conclude that shareholder wealth is maximized as stock prices rise.

4. Restructuring is one example of insider trading.

5. Depreciation is a tax shield.

6. Stockholders' equity includes retained earnings.

7. Trend analysis examines financial data over time.

8. The times interest earned ratio analyzes debt utilization.