Indicate Whether Each of the Following Statements Is True or False

question 29

Short Answer

Indicate whether each of the following statements is true or false.
________ a)Operating cycles for most businesses are less than one year.
________ b)If a business does not plan to use any of its current assets to repay a debt,then that debt is listed as long term even if it is due within a year.
________ c)The current ratio is computed by dividing current assets by net income.
________ d)The current ratio is a useful measure of a company's liquidity.
________ e)Liquidity is the ability of a business to repay liabilities in the long run.

---

Definitions:

Research Purpose

The specific goal or aim of a research study, outlining what the study intends to accomplish or understand.

Ethical Lapses

Instances where individuals or organizations fail to act in accordance with moral principles or standards.

Secondary Research

The process of gathering and analyzing existing data from previously conducted studies, reports, or publications, as opposed to collecting new data.

Intellectual Property

Rights acquired through creative works in the sectors of industry, science, literature, and art.