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.
Working capital measures a company's immediate debt-paying ability.______
Accounts receivable turnover is a direct measure of a company's uncollectible accounts expense.______
Accounts receivable turnover is calculated by using the following formula: net credit sales ÷ average accounts receivable.______
Net credit sales is sales on account plus sales returns and discounts.______
The amount of average receivables can be calculated using the amount of receivables shown on balance sheets for the current year and previous year.______