TRUE or FALSE

E. A highly liquid asset is one that is easily converted to cash.

F. All else being equal, an increase in a company's cost of goods sold will increase its gross margin.

G. Suppose your firm extends 2/15 net 30 trade credit to its customers. Barring liquidity issues, your firm's customers will likely wait the full 30 days to pay for their goods.

H. For any given period, a company's earnings after tax must equal its after-tax cash flow.

I. Depreciation causes (all else being equal)

i.		a corporations earnings after tax to be higher than its cash flow.
ii.		a corporations earnings after tax to be lower than its cash flow.
iii.		a corporations earnings after tax to equal its cash flow.
iv.		cannot be determined.