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  3. 4. each of the following is a liquidity ratio exce

4. Each of the following is a liquidity ratio except the a acid-test ratio. b....

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Accounting

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4. Each of the following is a liquidity ratio except the a acid-test ratio. b. current ratio. c. debt to assets ratio. d. inventory turnover. 5. Profit margin is calculated by dividing a. sales by cost of goods sold. b. gross profit by net sales. c. net income by stockholders' equity. d. net income by net sales. 6. Which one of the following items is not generally used in preparing a statement of cash flows? a. Adjusted trial balance b. Comparative balance sheets c. Current income statement d. Additional information 7. Lending money and collecting the loans are a. operating activities. b. investing activities. c. financing activities. d. Non-cash investing and financing activities

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