TRUE-FALSE Questions Read each statement given below carefully and for each statement determine if it is true or false. Please fill in the answers in the table given below by writing "TRUE" or "FALSE in the space provided. (Rubrics: 1 mark each for a correct answer, for 6 statements - Total 6 marks) Question 123456 Answer 1. EPS is the amount of net income earned in a business that is paid out as cash dividends to stockholders. 2. A decrease in inventory turnover implies that a business is selling its inventory and collecting cash from customers very slowly. 3. Turnover ratios involve both a balance sheet and an income statement account. 4. Times interest earned measures how many times operating income can pay the company's total expense. s. The acid-test ratio is a more rigorous test of a business's capability to pay its short-term liabilities in comparison to the current ratio. 6. It is crucial for managers to analyze their business's financial statements so that they can foresee and answer questions from external users