UZIO 6. A standardizes items on the income statements and balance sheet as a percentage of total sales and total assets, respectively. a common-base year statement b. common-size statement c. statement of standardization d. statement of cash flows 7. Ratios that measure the firm's turnover ratios are known as: a. Asset management ratios b. Long-term solvency ratios c. Profitability ratios d. Market value ratios 8. The financial ratio measured as total debt divided by equity is the: a. Total debt ratio b. Equity multiplier c. Debt-equity ratio d. Current ratio 9. Total asset turnover is measured as: a Sales minus total assets 1 b. Sales divided by total assets c. Sales times total assets d. Total assets divided by sales