True/False

5. A reversing entry is an optional journal entry made on the first day of an accounting period. 6. The normal operating cycle is the time span from when cash is used to acquire goods and services until cash is received from the sale of goods and services. 7. The profit margin shows the percentage of each sales dollar that results in net income. 8. Asset turnover measures how efficiently sales are used to produce assets. 9. The debt to equity ratio shows the proportion of a company's assets financed creditors and the proportion financed by the Owner. 10. Return on equity is the ratio of net income to average assets