Adjudication investigates, declares, and enforces liabilities under laws supposed

Answer the following statement(s) true (T) or false (F)

1. In the horizontal analysis of the income statement, each item is generally stated as a percentage of net income. 2. Liquidity ratios compare current assets to current liabilities because it is assumed that current liabilities will be paid out of current assets. 3. Inventory turnover measures the number of times on the average the inventory was sold during the period. 4. Profitability ratios are frequently used as a basis for evaluating management's operating effectiveness. 5. Diversification in American industry enhances the usefulness of financial analysis.

Econometric models are large-scale, multiple-equation regression models that are frequently used in product forecasting

Indicate whether the statement is true or false