Which of the following statements is false?(a) The quickest way to determine whether a firm has too much debt is to calculate the debt-to-equity ratio.(b) The best guideline to determine the firm's liquidity is to calculate the current ratio.(c) From the investor's point of view, the rate of return on common equity is a good indicator of whether the firm is generating an acceptable return to the investor.( d) We can determine the operating margin by expressing net income as a percentage of total sales.

The NZ Equity market is illiquid, both in the primary and secondary markets. What does market illiquidity mean? What are the reasons for the low liquidity? How might equity market liquidity be improved?

Which of the following statements is false?   A.   Internal controls are the processes by which the firm ensures that it presents accurate financial statements.   B.   Greenfield investments provide uncertain cash flows with high yields and high growth potential.   C.   Footnotes allow investors or any users to improve their assessments of the amount, timing, and uncertainty of the estimates reported in financial statements.   D.   Secondary markets are the markets in which existing, already outstanding securities are traded among investors.

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