1. True Or False
2. When company has significant interest-bearing noncurrent liabilities, these are viewed as a source of invested capital.
3. ROA rises with high levels of intangible assets
4. There is a single widely used accepted ROIC calculation
5. The classic definition of ROIC treats non-current liabilities as an investment in operations.
6. ROE is increased with debts
7. Long term marketable securities are not as liquid as short-term marketable securities and needs to be segregated
8. ROE measures NOPAT/Equity
9. including cash and cash equivalent stockpiles in current assets distorts the value of current assets required to operate the business
10. The core operating business has a significantly different return profile than large cash stockpiles and intangible assets