Which of the following statements is NOT CORRECT?

a. The current ratio tells us the company's ability to pay for short term debt.

b. Days sales outstanding average collection period) tells us how quickly our customers pay for their purchases made from us.

c. Inventory turnover ratio shows the operating effectiveness of business management towards inventory .

d. The statement of cash flows has four main sections, one each for operating, investing, and financing activities, and one that shows a summary of the cash and cash equivalents at the end of the year. e. Statement of Shareholder's Equity has no relationship to the Net Income account.