True/False

_____1. Asset turnover measures a companys solvency.

_____2. A common size balance sheet expresses the balance sheet items as a percentage of total assets.

_____3. A debt-to-equity ratio of greater than 1.0 means that a firms liabilities exceed its owners equity.

_____4. Changing from straight-line depreciation to double declining-balance depreciation is an example of a change in an accounting principle.