Q$1.(12$ points$)$ There are no universally accepted definitions of financial ratios, but some of the

folowing

ratios make on sense at al$.$ Identify definitions that you believeot be correct with a$"$C$"$ and substitute correct definitions where appropriate:

$-$a$.$ Debt$-$equity ratio $=$long$-$term debt $/($long$-$term debt $+$equity$)$ Total debt $/$ Tutal sharehoders equity b$.$ Return on equity $=$ net

income$/$total equity

$^$c$.$ Inventory turnover $=$total sales$/$average Inventory $.$d Average

colection period

$=$sales $/($average

receivables$/365)$