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When an income statement does not show gross profit or operating income, it is called a...

When an income statement does not show gross profit or operating income, it is called a consolidated statement.

TRUE/FALSE

Which of the following is not a measure of long-term credit risk?

  • Interest coverage ratio.

  • Debt ratio.

  • Quick ratio.

  • Yield rate on bonds.

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Answer #1

1. When an income statement does not show gross profit or operating income, it is called a consolidated statement.

Answer: False.

2. Which of the following is not a measure of long-term credit risk?

Answer: Quick Ratio.

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