QUESTION 5 1 points Save Answer Ratio analysis involves analyzing financial statements in order to appraise a firm's financial position and strength. False QUESTION 6 1 pointsSave Answer Profitability ratios show the combined effects of liquidity, asset management, and debt management on operating results. O True False QUESTION 7 1points Save Answer Since the ROA measures the firm's effective utilization of assets (without considering how these assets are financed), two firms with the same EBIT must have the same ROA True False QUESTION 8 points Save Answer The "apparent," but not the "true," financial position of a company whose sales are seasonal can differ dramatically, depending on the time of year when the financial statements are constructed. True False