Current ratio can be obtained solely from the balance sheet


Which of the following descriptions is NOT correct? a) Current ratio can be obtained solely from the balance sheet. b) Total profit margin, or just called total margin, can be obtained solely from the income statement. c) Average collection period is used to evaluate account receivable performance. A smaller number is always better. d) Return on equity can be obtained solely from the balance sheet.

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Financial Management: Current ratio can be obtained solely from the balance sheet
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