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Unformatted text preview: c. Agency problem d. Partnership agreement e. Shareholders equity 5. The balance sheet shows a. What a firms owes b. What a firm owns c. The difference between what a firm owns and owes d. All of the above e. None of the above 6. Which of the following is not a basic financial statement: a. Income statement b. Balance sheet c. Statement of cash flows d. Statement of retained earnings e. Revenue statement 7. What is the current ratio of a firm that has current assets totaling $2 million and current liabilities totaling $1.5 million? a. 0.5 b. 1.0 c. 1.3 d. 1.5 e. 3.5...
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- Spring '09