3-7 What are the five major categories of ratios, and what questions do they answer? Liquidity: Can we make required payments as they fall due? Asset management: Do we have the right amount of assets for the level of sales? More.) Copy right C 2002 Harcourt, Inc All rights reserved3 - 7 Copyright © 2002 Harcourt, Inc. All rights reserved. ◼Liquidity: Can we make required payments as they fall due? ◼Asset management: Do we have the right amount of assets for the level of sales? What are the five major categories of ratios, and what questions do they answer? (More…)