Question: please help S.If a firm has substantial capital or financing leases disclosed in the notes but not capitalized in the financial statements, then: a. the

S.If a firm has substantial capital or financing leases disclosed in the notes but not capitalized in the financial statements, then: a. the times interest earned ratio will be overstated, based upon the financial statements b. the fixed charge ratio will be overstated, based upon the financial statements c. the debt ratio will be overstated d. the working capital will be understated. The total debt is understated. e. 6. Which of these items represents a definite commitment to pay out funds in the future? Treasury stock b. Reserves for rebuilding furnaces Pension benefit obligation d. Noncontrolling shareholders' interests Redeemable preferred stock a. c. e. 7. Net profit margin is computed using: a. long-term debt. b. owners' equity c. productive assets. d. total assets. . revenue. 8. Asset turnover indicates the efficient use of assets by measuring the outcome of a. profits. b. cash flows. assets. . d. inventory sales. e
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