In general, the greater a firm's current assets relative to its short-term obligations, the better able it will be to pay its bills as they come due

The primary function of insurance companies is to

A. generate fees for the banks that sell insurance products. B. sell a variety of consumer investment products. C. protect policyholders from adverse events. D. assist in the transfer of wealth into the future. E. provide contracts that encourage policyholders to save current income.

The term accounts payable indicates amounts a company owes to its suppliers.

a. true b. false