Question 19.
19. (TCO 5) An off balance sheet means that risk (Points : 5)
has not been recorded.
has been recorded in the footnotes.
has been recorded in the balance sheet under all other.
exists on another financial statement.
Question 20.
20. (TCO 5) A high working capital turnover ratio indicates (Points : 5)
that a firm is overcapitalized.
an unprofitable use of working capital.
that a firm is undercapitalized.
None of the above
Question 21.
21. (TCO 5) Investments classified as marketable securities should be (Points : 5)
temporary.
long-term.
permanent.
None of the above
