45. Current liabilities are obligations that must be satisfied within one year or within the company's normal operating cycle, whichever is shorter. a. True b. False 46. Which section of the balance sheet usually differs depending on whether the business is a sole proprietorship, partnership, or corporation? a. All of these are correct b. Assets c. Liabilities d. Equity 47. Which of the following would not be considered a current asset? a. Inventory b. Land c. Prepaid Insurance d. Accounts Receivable 48. All of the following ratios are commonly used to measure profitablity except: a. Retum on assets b. Retum on equity c. Current ratio d. Profit margin