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.

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Definitions:

Osteosarcoma

A type of bone cancer that typically starts in the long bones of the body, such as those in the arms or legs.

Chemotherapy

A type of cancer treatment using one or more anti-cancer drugs as part of a standardized chemotherapy regimen to kill or slow the growth of cancer cells.

Cranium

The part of the skull that encloses the brain, consisting of the frontal, parietal, temporal, and occipital bones.

Temporal Bone

A bone of the skull located at the side of the head containing the organs of hearing and balance.