Net Sales / Average Accounts Receivable = ____________

Q6: Total Operating Expenses / Net Sales =

Q7: Which ratio is of greater interest to

Q8: A high Debt/Equity ratio (D/E ratio) indicates

Q9: Inventory turnover calculates the number of times,

Q10: In?come-statement ratios provide information on current operating

Q12: Operating Income / Average Assets = _<br>A)

Q13: List and explain three of the limitations

Q14: How does the cash budget help the

Q15: Cost of Goods Sold / Average Inventory

Q16: "Other" budgetary considerations include:<br>A) Payroll budgets<br>B) Advertising