10. What is the current ratio for ABC in 2002? A) 1.97 B) 1.51 C) 1.23 D) 1.14 E) 1.02 11. What would your best interpretation be for the days' sales in inventory ratio? A) The number of days it takes before the current ratio falls to zero. B) The number of days needed to make a profit from selling off inventory. C) How long it takes, on average, to entirely deplete the firm's inventory account D) The time it takes to completely replace total current assets. E) The rate at which inventory is replaced. 12. The financial statement summarizing a firm's performance over a period of time is the A) Income statement B) Balance sheet. C) Statement of cash flows. D) Tax reconciliation statement E) Shareholders' equity sheet. Page 3