Question: 1. When preparing a vertical analysis on an income statement, net sales are represented by 100%. Select one: True False 2. Debt investments earn interest

1. When preparing a vertical analysis on an income statement, net sales are represented by 100%.

Select one: True False

2. Debt investments earn interest revenue over time and the borrower has an obligation to return the original amount of the investment on a fixed maturity date.

Select one: True False

3.The receivables turnover ratio is useful in assessing the profitability of receivables.

Select one: True False

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