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12. Which of the following scenarios is consistent with a increasing cost of goods sold to sales percentage and increasing inventory turnover 13. Which of the following industries would you expect to have, on average, high asset turnover and low profit margin? 14. One important difference between return on assets (ROA) and return on common shareholder’s equity (ROCE) is 15. Sustainable earnings represent 16. Non-U.S. companies that list securities in the United States typically include a risk factors item in the: 17. Economic theory teaches that differences in market returns must relate to differences in 18. One common problem with the current ratio is that it is susceptible to "window dressing." If prior to the end of the accounting period Saxon Company has a current ratio of 1.5 and management wishes to boost its current ratio it may decide to 19. Which kind of dividends have an interest-bearing promise to pay dividends? 20. Which of the following is the date on which a company determines the owners of the stock that will receive a dividend? 21. Which of the following is the typical tradeoff when issuing preferred stock?