Question

48. Accountants keep track of corporate assets such as buildings and equipment at their current market...

48. Accountants keep track of corporate assets such as buildings and equipment at their

current market values, that is, the price at which those assets could be sold.

T F

49. Financial ratios used in Cross-Sectional Analysis compare different firms at the same

point in time.

T F

50. Working Capital includes both Current Assets, such as cash and inventories, and Fixed

Assets, such as plant and property.

T F

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