Question 47 (2 points)

Efficiency ratios can be used to help the business determine how quickly the sale of its products and services are being converted to cash.

Question 47 options:

	True
	False

Question 48 (2 points)

Interest payments are required on equity investments.

Question 48 options:

	True
	False

Question 49 (2 points)

Breakeven amount measures:

Question 49 options:

	The number of units that must be sold to cover fixed costs
	The dollar amount of revenue needed to cover fixed costs
	The number of units that must be sold to cover variable costs
	The dollar amount of revenue needed to cover variable costs

Question 50 (2 points)

Kim's Market has a debt to equity ratio of 0.33. What does this ratio tell a lender about Kim's Market?

Question 50 options:

	The business has 3 times as much debt as it has equity
	The business has 33 times as much debt as it has equity
	The business has mostly been funded using investment by the owner and other shareholders
	The business has mostly been funded using borrowings