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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