A) 203 days.
B) 44 days.
C) 61 days.
D) 26 days.
Correct Answer
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Multiple Choice
A) Comparing individual financial statement line items with each other to understand the relationships between line items.
B) Comparing individual financial statement line items to some benchmark,typically similar competitors' financial statement line items.
C) Comparing individual financial statement line items over time.
D) Comparing individual financial statement line items that have been arranged horizontally from highest to lowest dollar amounts.
Correct Answer
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Multiple Choice
A) $1.50.
B) $0.84.
C) $0.21.
D) $0.87.
Correct Answer
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Multiple Choice
A) An increase in the sales price.
B) A decrease in the cost of inventory.
C) A decrease in the shipping cost for merchandise purchased.
D) Collecting cash from customers in advance.
Correct Answer
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Multiple Choice
A) evaluating a company's success in meeting the challenges that it faces.
B) selecting the most appropriate accounting rules to follow.
C) determining the market price of a company's stock.
D) comparing US companies with foreign companies.
Correct Answer
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True/False
Correct Answer
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Multiple Choice
A) Current ratio
B) Debt-to-assets ratio
C) Price รท Earnings ratio
D) Times interest earned
Correct Answer
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Essay
Correct Answer
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View Answer
Multiple Choice
A) 62.5.
B) 200.
C) 0.31.
D) 6.4.
Correct Answer
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Multiple Choice
A) Return on assets ratio
B) Return on equity ratio
C) Earnings per share
D) Net profit margin ratio
Correct Answer
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Multiple Choice
A) Inventory turnover
B) Current ratio
C) Days to collect ratio
D) Days to sell ratio
Correct Answer
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Multiple Choice
A) An increase in fixed asset turnover ratio.
B) A decrease in days to sell.
C) A decrease in EPS.
D) A decrease in the debt-to-assets ratio.
Correct Answer
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Multiple Choice
A) Inventory
B) Cash
C) Accounts receivable
D) Prepaid insurance
Correct Answer
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Multiple Choice
A) ratio of current liabilities to current assets.
B) ratio of long term liabilities to fixed assets.
C) ratio of total liabilities to total assets.
D) proportion of short-term liabilities to total liabilities.
Correct Answer
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Multiple Choice
A) Return on equity
B) Times interest earned
C) Inventory turnover
D) Receivables turnover
Correct Answer
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Multiple Choice
A) sales.
B) cost of goods sold.
C) operating expenses.
D) net income.
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Multiple Choice
A) enhance the ability of the company to acquire financial capital from external sources.
B) accurately provide financial results for tax purposes.
C) comply with external regulations and requirements of government and professional associations.
D) provide useful information to decision makers,especially investors and creditors.
Correct Answer
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Multiple Choice
A) Debt-to-equity ratio.
B) Current ratio.
C) Price/Earnings ratio.
D) Times interest earned ratio.
Correct Answer
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True/False
Correct Answer
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Multiple Choice
A) 1.28.
B) 1.24.
C) 0.75.
D) 1.64.
Correct Answer
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