ghtspace X pters 3, 4 & 15 - Test 3- Requires Respondus LockDown Browser imit: 1:30:00 Time Left:0:27:35 Ralph King: Attempt 1 D) current assets minus current liabilities 30 Question 22 (0.12 points) Saved 32 33 Which of the following statements concerning net income is most correct? A) Net income represents cash available to pay dividends. 35 36 . B) Net income represents sales minus operating expenses at a specific point in time. C) Negative net income reduces a company's cash balance. 38 39 O D) Net income represents income that may be reinvested in the firm or distributed to its owners. 41 42 Question 23 (0.12 points) Saved Which ratio below compares the current value of a stock to its historical cost of the 44 45 stock? 47 48 A) Price/Earnings ratio . B) Price/Book ratio 50 OC) Equity/Assets ratio D) Return on Equity ratio. Question 24 (0.12 points) Saved According to the hedging principle, plant and equipment should be financed with novo New Hire