Which of the following statements is TRUE?
A. The current ratio provides a measure of the long-term solvency of the firm.
B. Price-earnings ratio reflects the book value per share per dollar of accounting earnings for a firm.
C. Total asset turnover measures how much in sales is generated by each dollar of cost of goods sold.
D. Times interest earned, also known as the interest coverage ratio, provides a relative measure of how well the firm's operating earnings can cover current interest obligations.