Which of the following is false with respect to the acid-test (quick) ratio? Multiple Choice It includes accounts receivable in the numerator. It includes inventory in the numerator. It includes cash in the numerator. It includes current liabilities in the denominator. Which of the following statements is true with respect to vertical analysis? Multiple Choice It focuses on the relations among balance sheet accounts, but not income statement accounts. It focuses on the relations among financial statement accounts over time. It focuses on the relations among income statement accounts, but not balance sheet accounts. It focuses on the relations among financial statement accounts at a given point in time. Which of the following statements is true with respect to common-size balance sheets? Multiple Choice All accounts are usually expressed as a percentage of current assets. All accounts are usually expressed as a percentage of total stockholders' equity. All accounts are usually expressed as a percentage of total liabilities. All accounts are usually expressed as a percentage of total assets