Which of the Following Statements Is True

question 88

Multiple Choice

Which of the following statements is true?

• A)The debt-to-assets ratio requires only information found on the balance sheet.
• B)The net profit margin ratio requires only information found on the balance sheet.
• C)The asset turnover ratio requires only information found on the income statement.
• D)The debt-to-equity ratio requires only information found on the income statement.

Understand the different methods through which an offer can be terminated.

Identify and differentiate between contracts, including option contracts, unilateral contracts, and implied-in-fact contracts.

Recognize the elements and terms necessary for an offer to be legally binding.

Interpret the legal effectiveness of advertisements as offers.