TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.

1. Profit maximization stresses the efficient use of timing and risks.

2. Financial assets are tangible assets such as houses, equipment, and inventories.

3. The sustainable rate of growth represents the rate at which a firm's sales can grow if it wants to maintain its present financial

ratios and does not want to resort to a sale of new equity shares.

4. Business risk refers to the relative disperses in the firm's expected earnings after interest and taxes.

5. New capital-budgeting projects are always new products taken to market.

6. The stock of cash is a type of inventory.

7. If an asset is sold above depreciated value, it may be used to offset gains and thus result in tax savings.???