Which of the following is true?
A. The major difference between the quick and current ratios is inventory.
B. Current liabilities are the denominator in the quick and current ratios.
C. Companies that sell expensive merchandise tend to have high inventory turnover ratios.
D. Both A and B are true.
Ans: D. Both A and B are true.
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Firms favour assets with high CCA rates because:
A) their choice impacts project net present value favourably. B) it reduces the total amount of taxes paid over the project's life. C) they increase net accounting profits over the project's life. D) they have longer economic lives.
The Uniform Franchise Offering Circular (UFOC) refers to a uniform disclosure document that requires a franchisor to make specific presale disclosures to prospective franchisees
Indicate whether the statement is true or false