QUESTION 4 Activity, or turnover ratios measure ( 4 points) a firm's liquidity. the degree to which firm relies on financial leverage. the stock market's perception of the firm. how effectively a firm's assets are being managed. QUESTION 5 BGL Enterprises increases its operating efficiency such that costs decrease while sales remain constant. As a result, given all else constant, the: Return on equity will increase Return on assets will decrease Profit margin will decline Price-earnings ratio will increase Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save