ACC 561 Week 2 Practice Quiz
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 117Current assets divided by current liabilities is known as the
|Multiple Choice Question 88Danner 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?
|Multiple Choice Question 89In analyzing financial statements, horizontal analysis is a|
Multiple Choice Question 102
Assume the following cost of goods sold data for a company:
If 2011 is the base year, what is the percentage increase in cost of goods sold from 2011 to 2013?
|Multiple Choice Question 105Comparisons of data within a company are an example of the following comparative basis:
|Multiple Choice Question 123The following schedule is a display of what type of analysis?
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 121Richards, Inc. has the following income statement (in millions):
Using vertical analysis, what percentage is assigned to net income?