A Living Trust Is a Trust That Becomes Effective at the Death

question 23

True/False

A living trust is a trust that becomes effective at the death of the person who established it.

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Definitions:

Asset Turnover Ratio

A financial metric that measures the efficiency of a company's use of its assets in generating sales revenue.

Current Ratio

A liquidity measure that compares a company's current assets to its current liabilities.

Return-On-Sales Ratio

A financial metric that calculates how efficiently a company is generating profits from its revenue.

ROE

Return on Equity, a measure of financial performance calculated by dividing net income by shareholders' equity.