Question: Problem 1 (10 points) Why do we need financial ratios? Problem 2 (20 points - True of False) a. The difference between the current ratio

Problem 1 (10 points) Why do we need financial ratios? Problem 2 (20 points - True of False) a. The difference between the current ratio and the quick ratio is "cash". b. The return on assets measures the risk that some assets may cause. c. Debt to equity is the ratio of long-term borrowing to total shareholders' equity. d. Creditor days is measured as a percentage. e. Liquidity ratios matter for creditors

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