Question: Answer true or false to the following statements7.The current ratio is a measure of all the ratios calculated for the current year. 8.Inventory turnover measures

Answer true or false to the following statements7.The current ratio is a measure of all the ratios calculated for the current year.

8.Inventory turnover measures the number of times on the average the inventory was sold during the period.

9. Profitability ratios are frequently used as a basis for evaluating management's operating effectiveness.

10.The rate of return on total assets will be greater than the rate of return on common stockholders' equity if the company has been successful in trading on the equity at a gain.

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