Question 2 5 pts A company's return on assets will always equal or exceed its profit margin. False O True Question 7 5 pts Net income from each year will transfer to what section of the Balance Sheet? Owner's equity Cost of goods sold O Gross margin Inventory U Question 8 5 pts On the Balance Sheet, current assets are found by adding all EXCEPT: O Accounts receivable O Accounts payable Inventories O Cash Question 9 5 pts Profits and losses computed for a given period of time, whether it is one month six months, or a year, is called the accounting period O False True