Question 470 accounting ratio, no explanation
Which of the following statements is NOT correct?
(a) A firm's quick ratio will always be equal to or less than its current ratio.
(b) A firm will have positive net working capital if it has a current ratio that's greater than one.
(c) A firm's gross margin will be greater than or equal to its operating margin, which will be greater than or equal to its net profit margin.
(d) A firm's fixed asset turnover will be less than or equal to asset turnover.
(e) A firm's debt to equity ratio will always be greater than or equal to its debt to assets ratio.