Claim of the stockholders against the assets of the firm

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Reference no: EM131944793

1. (TRUE or FALSE?) Current Ratio (in days) measures the average number of days required to collect (convert) one day's worth of credit sales to cash.

2. (TRUE or FALSE?) When firms spend time and money to monitor and reduce agency problems, we call these outlays of time and money as principal benefits.

3. (TRUE or FALSE?) Gross income (earnings) represent a claim of the stockholders against the assets of the firm.

Reference no: EM131944793

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