Which of the following is an income statement item? O Accrued taxes. Selling and administrative expenses. Accumulated depreciation. accumulated depreciation Retained earnings. Which of the following statement is incorrect? O The quick ratio is equal to Current Assets plus inventory divided by the Total liabilities, and it is similar to the current ratio but is a more rigorous measure of liquidity because it excludes inventory from current assets. O The return on assets (ROA) ratio is equal to Net Income divided by Total Assets, and indicates how much income each dollar of assets produces on average. O A high times interest earned ratio suggests that the company will have ample operating income to cover its interest expense. Most of the answers are correct. O Times Interest Earned = EBIT/Interest Expense. Primarily, bankers and other lenders use to see whether to extend short-term credit to a firm. O market to book value ratios O liquidity ratios O none of the answers is correct. O debt ratios. O Du Pont ratios Which of the following statement is correct? O All the answers are incorrect. Operating Profit Margin= EBIT/Sales = (Sales COGS- Other Operating Expense)/Sales. The book value per share is a proxy for the dollar debt owed to all creditors. O Total Asset Turnover Ratio = Total Equity/Total Assets. O The debt to total assets ratio measures the percentage of the firm's current liabilities that is financed with equity