True or false ) " just answer true or false without the reason "

11- The inventory is considered as an item of the companys noncurrent assets

12- Capital is one of the items of the companys long-term assets

13- If the current assets are 50 million and the current liabilities is 33 million, then the turnover will be 2.5 times

14- Gross profit represents the difference between sales revenue and cost of sales

15- The internal rate of return on invested money is not among the projects profitability indicators

16- The return on investment ratio = net profit net invested assets

17- To determine the liquidity ratios, we use the data reported in the income statement

18- Working capital is the difference between noncurrent assets and noncurrent liabilities

19- The quantity of the last period inventory must be taken into account only when preparing the purchases budget.

20- The asset is classified as a noncurrent asset if its value is expected to be realized within 12 months