Indicate Whether Each of the Following Statements About Financial Statement

Short Answer

Indicate whether each of the following statements about financial statement analysis is true or false.
_____ a)Net margin measures a company's immediate debt-paying ability.
_____ b)Accounts receivable turnover is a direct measure of a company's uncollectible accounts expense.
_____ c)Accounts receivable turnover is calculated by using the following formula: net credit sales/average accounts receivable.
_____ d)Net credit sales is sales on account less sales returns and discounts.
_____ e)The amount of average receivables can be calculated using the amount of receivables shown on balance sheets for the current year and previous year.