While financial ratio analysis can be used for diagnostics it cannot tell management what should be the appropriate course of action. True False Efficiency ratios are used to assess a firm's ability to service its debt. True False The shareholders of a firm are most interested in knowing if the firm is generating enough cash flows to meet all of its required obligations. True False Leverage ratios measure the extent to which a firm uses equity rather than debt financing and show the firm's ability to pay its current bills without putting the firm in financial difficulty. True False