Which of the following is a potential problem of utilizing ratio analysis? Select one: O A.trends and industry averages are historical in nature. O B. financial data may be distorted due to price-level changes. O c.firms within an industry may not use similar accounting methods. O D. all of the above The following information relates to Superb Performances, Inc. Assume that all sales are on credit and a 360-day year. Answers should be rounded to the nearest dollar Debt-to-Assets = 60% Total Asset Turnover = 6 Fixed Asset Turnover = 8 Total Assets = $325,000 Net Income = $28,000 What are the total liabities for Superb Performances, Inc? Select one: A $185,000 O B. $100,000 O C. $195,000 OD. None of the above Pat is the CFO of Perez Birdies Inc. He has determined that the company has an average collection period of 36 days, its balance of accounts receivable at year-end is $60,000, and its receivables turnover is 10%. What are the company's annual sales? Select one: O A. $600,000 O B. $6,000,000 O C. $24,000,000 O D. None of these answers are correct Ratio analysis can be useful for Select one: O A historical trend analysis within a firm, O B. comparison of ratios within a single industry, OC measuring the effects of financing O D. All of the above are true