True or false?

1. Your firm has a return on assets of 6.75%, and it's biggest competitor has a return on assets of 4.56%. Based on this information, your firm is lagging its competitor.

2. Firms with larger inventory turnover ratios are more efficient at moving inventory.

3. A firm's PEG ratio is an alternative to PE ratio to measure growth opportunities.

4. Ratio analysis over a specific time period can provide insight into a firm's performance patterns.

5. Total asset turnover shows the dollar of assets generated for each dollar of net income.