The current and quick ratios both help us measure a firm's liquidity. The current ratio relationship of the firm's current assets to its current liabilities, while the quick ratio measures the firm's ability to pay off short-term obligations without relying on the sale of inventories. True False The inventory turnover ratio and days sales outstanding (DSO) are two ratios that are used to assess how effectively a firm is managing its current assets. True False A decline in a firm's inventory turnover ratio suggests that it is improving both its inventory management and its liquidity position, i.e., that it is becoming more liquid. True False In most corporations, the CFO ranks under the CEO. True False The Chairman of the Board must also be the CEO. True False For stock equilibrium as the book defines it, its market price should exceed its intrinsic value. True False