True or False?

a) Calculation of retained earnings is one of the factors cited by our author for why NI and CF may be different.

b)

COGS appears on the asset side of the BS.

C)

?EBIT can be found by subtracting SGA and Depreciation from the gross profit margin.

D)

?Changes in interest expense do not affect a? firms cash position.

E)

The balance sheet identity indicates that total liabilities can be found by adding total assets to total equity.

F)?If there is no change in gross fixed assets from one year to the? next, then net fixed assets would have to have increased.

G)Accounts payable represents? short-term loans extended to the corporation by suppliers.