1. The primary value of accounting information is that such information:

a. Serves as a basis for comparing performance among departments

b. Serves as a guide to determining long-term gains

c. Aids the nursing facility administrator in decision-making

d. Provides a basis for reimbursement

2. Short-term financial commitments are normally met by the nursing facility's:

a. Fund equity

b. Liquidity ratios

c. Net working capital

d. Accounts receivable