4. Comparability between enterprises is more difficult to obtain than comparability within a single enterprise. True False 5. Generally, the first concern of a financial analyst is a firm's liquidity. True False 6. The acid test ratio is regarded primarily as a measure of a company's long term liquidity situation. True False

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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TRUE OR FALSE. Please answer number 4-6 only and no need to explain thanks!
4. Comparability between
enterprises is more difficult to
obtain than comparability within
a single enterprise.
True
False
5. Generally, the first concern of
a financial analyst is a firm's
liquidity.
True
False
6. The acid test ratio is regarded
primarily as a measure of a
company's long term liquidity
situation.
True
False
Transcribed Image Text:4. Comparability between enterprises is more difficult to obtain than comparability within a single enterprise. True False 5. Generally, the first concern of a financial analyst is a firm's liquidity. True False 6. The acid test ratio is regarded primarily as a measure of a company's long term liquidity situation. True False
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