Multiple Choice Question 115

The relationship between current assets and current liabilities is important in evaluating a company's

 

 

Multiple Choice Question 116

Which of the following is a measure of liquidity?

 

 

Multiple Choice Question 117

Current assets divided by current liabilities is known as the

 

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Multiple Choice Question 88

Danner Corporation reported net sales of $600,000, $680,000, and $800,000 in the years 2011, 2012, and 2013, respectively. If 2011 is the base year, what percentage do 2013 sales represent of the base?

 

  

 

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Multiple Choice Question 89

In analyzing financial statements, horizontal analysis is a

 

Multiple Choice Question 102

Assume the following cost of goods sold data for a company:

2013

$1,500,000

2012

1,200,000

2011

1,000,000

If 2011 is the base year, what is the percentage increase in cost of goods sold from 2011 to 2013?

 

 

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Multiple Choice Question 105

Comparisons of data within a company are an example of the following comparative basis:

 

 

Multiple Choice Question 123

The following schedule is a display of what type of analysis?

 

Amount

Percent

Current assets

$100,000  

25%    

Property, plant, and equipment

300,000  

75%    

Total assets

$400,000  

100%    

 

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Multiple Choice Question 129

A common measure of profitability is the

 

 

Multiple Choice Question 134

Which one of the following would be considered a long-term solvency ratio?

 

 

Multiple Choice Question 137

The current ratio is

 

 

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Multiple Choice Question 121

Richards, Inc. has the following income statement (in millions):

RICHARDS, INC.

Income Statement

For the Year Ended December 31, 2012

Net Sales

$180

Cost of Goods Sold

60

Gross Profit

120

Operating Expenses

75

Net Income

$ 45

Using vertical analysis, what percentage is assigned to net income?

 

 

    • Posted: 7 years ago
    ACC 561 Week 2 Quiz

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