TRUE OR FULSE

tool that explicitly shows how a firm will acquire and use resources necited to achiese its goals over a specific time period Managerial accounting is the branch of accounting that provides reports and analysis to managers to help thoue managers make informed business decisions /0 Financial managens are responsible for evaluating long-term investment opportunities Financial masagers usually focus almost exclusively on meeting the financial needs of thei fims in the short run, leaving loag-terin financial issues to top management , The curnent ratio is calculated by dviding the firm's current liabilities by its total assets 3 Firma thar sell goods that spoil easily or quickly become obsolete would want a very low inventory turnover ratio. The developmest of pro forma income stafements and balance sheets is an important step in the fnacial planning function performed by financial managers tafe Money market mutual funds are a way for small investors to get into the market for securities that US. Treasury Bills are marketuble, highly liquid shont-term securities and are considered very would otherwise be too expensive for thetn to afford