Question 21 (0.5 points) If the quick ratio was 0.80 times in 2013, and in 2012 it was 1.10 times. What is the meaning of a change like this in the quick ratio? The company's cash, receivables and inventories increased with current liabilities unchanged. The company's cash and receivables decreased with currently liabilities unchanged. The company's cash, receivables and marketable securities decreased with currently liabilities increasing. The company's cash, receivable and marketable securities increased while current liabilities remained unchanged. Question 22 (0.5 points) If the times-interest-earned ratio changed from 6 times to 4 times over a number of years suggest an improvement. 1) False 2) True Question 23 (0.5 points) Which of the following is a measure of profitability? return o revenue times-interest-earned inventory turnover quick ratio Question 24 (0.5 points) Profit for the year is presented in the statement of cash flows as an "operating activity". 1) True 2) False Question 25 (0.5 points) A 6 times-interest-earned ratio is considered acceptable. 1) True 2) False Both depreciation and adjustments in non-cash working capital accounts are presented in the statement of cash flows under the section "operating activities. 1) True 2) False Question 27 (0.5 points) A company has current assets of $600, total non-current assets of $1,200, current liabilities of $445, long-term borrowings of $800, and equity of $555. How are total assets shown when using a vertical analysis of the statement of financial position? 10% 100% $600 $1,200