True or false

A relatively high price$-$earnings ratio indicates investors expect favorable future earnings.

A trend percentage is calculated as the current year divided by the base year.

The quick ratio is a short$-$term liquidity ratio.

Return on assets is a market valuation measure.

Times interest earned indicates the company$$s ability to cover its interest expense related to long$-$term debt with current period earnings.

Most public companies present trend information in their annual reports.

Return on assets is calculated as average total assets divided by net income.

If a company's return on assets is higher than its return on shareholders' equity, then it has positive financial leverage.