Indicate Whether Each of the Following Statements About Financial Statement

question 18

True/False

Indicate whether each of the following statements about financial statement analysis is true or false.________ a)Working capital is a measure of the amount of current assets a company would have left after paying its current liabilities.________ b)If a transaction causes a company's working capital to increase, the transaction caused the company to become less liquid.________ c)Interpretation of a company's current ratio can be difficult because it is an absolute amount.________ d)The quick ratio is a more conservative variation of the current ratio.________ e)The quick ratio is usually calculated by using the following equation: (cash + receivables + current marketable securities)÷ current liabilities.

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Definitions:

Internal Locus of Control

The belief that one controls their own destiny and outcomes are a result of personal actions rather than external factors.

Social Learning

A theory that suggests individuals can learn new behaviors and attitudes through the observation of others, including their peers, parents, and media representations.

External Locus of Control

The belief that one's fate or the outcomes of one's actions are controlled by external forces beyond personal control.

Shaping

A method of conditioning that uses reinforcements to guide behavior toward a desired outcome, by rewarding successive approximations of the target behavior.