Question: QUESTION 15 The Return on Assets ratio will increase if the net income of Company B increases $100,000 while the Assets Decrease $100,000. True False

QUESTION 15

  1. The Return on Assets ratio will increase if the net income of Company B increases $100,000 while the Assets Decrease $100,000.

    True

    False

5 points

QUESTION 16

  1. There is a Decrease in Long Term Debt if a company pays extra on a Long term note due to a very high interest rate.

    True

    False

5 points

QUESTION 17

  1. Short term debt is debt a company owes that is due within 1 year.

    True

    False

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