Question: 1. The Quick Ratio ignores inventory because its value can become impaired. True/False 2. Leverage (borrowing money) is like food. Too much is bad for

1. The Quick Ratio ignores inventory because its value can become impaired. True/False 2. Leverage (borrowing money) is like food. Too much is bad for you, but the right amount is a good thing True/ False 3. The Acid Test ignores accounts receivable because you never know when they will be collected True/ False 4. Days Payable, or Payables Turn, measures how many days my suppliers financed me True/ False 5. Having liquidity and being profitable are two ways of saying the same thing True/False

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