ACC 561 Week 2 Quiz

Multiple Choice Question 115

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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?

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Multiple Choice Question 117

Current assets divided by current liabilities is known as the

 

 

 

,

, and

, respectively. If 2011 is the base year, what percentage do 2013 sales represent of the base?    

Multiple Choice Question 88

Danner Corporation reported net sales of $600,000, $680,000, and $800,000 in the years

2011

2012

2013

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

2012

2011

$1,500,000

1,200,000

1,000,000

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

  

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?

 AmountPercentCurrent assets$100,000  25%    Property, plant, and equipment300,000  75%    Total assets$400,000  100%     

 

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

  

Multiple Choice Question 121

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

RICHARDS, INC.Income StatementFor the Year Ended December 31, 2012Net Sales$180Cost of Goods Sold60Gross Profit120Operating Expenses75Net Income$ 45

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

 

 

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