Which of the following is not an outcome of the Sarbanes-Oxley Act? Select one: O A. Establishing auditing standards within companies O B. Controlling the quality of audits C. Certifying the effectiveness of financial executives D. Setting rules and standards for the independence of auditors Which of the following is not considered to be a profitability ratio? 1. Return on equity II. Return on sales III. Return on assets (investment) Select one: A. I only B. I and II only C. I and Ill only ODI, II, and III on 18 A firm has operating profit of $120,000 after deducting lease payments of $20,000. Its interest expense is $50,000. What is the firm's fixed charge coverage? out of 1 Select one: O A. 6.00% O B.2.33x OC. 2.00x D. 3.00x -19 Liquidity ratios are primarily used to analyze a firm's ability to: ut of 1 Select one: A. Effectively use its assets O B. Manage its long-term debt C. Pay its short-term obligations on time D. Earn an adequate return for investors 0 Asset utilization ratios Select one: O A. relate balance sheet assets to income statement sales. O B. measure how much cash is available for reinvestment into current assets. 0 C. are most important to stockholders. 0 D. measures the firm's ability to generate a profit on sales