Question $3.$ Listed below are eight technical accounting terms introduced in this chapter:

Current ratio

Quick ratio

Debt ratio

Return on assets

Market share

Working capital

Price$-$earnings $($p$/$e$)$ ratio

Earnings per share

Required:

Each of the following statements may $($or may not$)$ describe one of these technical terms. For each statement, indicate the term described, or answer "None" if the statement does not correctly describe any of the terms.

$($a$)$ The percentage of total assets financed by creditors

$($b$)$ A measure of the effectiveness with which management utilizes a company's resources, regardless of how those resources are financed

$($c$)$ A company's percentage share of total dollar sales within its industry

$($d$)$ Current assets less current liabilities

$($e$)$ A measure reflecting investors' expectations of future profitability

$($f$)$ A measure of short$-$term solvency often used when a company has large inventories that cannot be quickly converted into cash

$($g$)$ A ratio that helps individual stockholders relate the net income of a large corporation to their equity investment