ACC 561 Week 2 Assignment Practice Quiz 100%Correct

1
ACC 561 Week 2 Assignment Practice Quiz?
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/ACC-561-Assignment-Week-2-Practice-Quiz Multiple
Choice Question 115 The relationship between
current assets and current liabilities is
important in evaluating a company's Entry field
with correct answer market value. solvency. profit
ability. liquidity.   Multiple Choice Question
116 Which of the following is a measure of
liquidity? Debt to equity ratio  Profit
margin Working capital Earnings per share  
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Multiple Choice Question 117 Current assets
divided by current liabilities is known as
the capital structure. working capital current
ratio. profit margin.   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?   33 133 75 113   Multi
ple Choice Question 89 In analyzing financial
statements, horizontal analysis is
a theory. requirement. tool. principle.  
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Multiple Choice Question 101 Comparative balance
sheets are usually prepared for at least one
year. are usually prepared for at least two
years. do not show both dollar amount and
percentage changes. do not show a comparison of
total stockholders' equity.   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? 50 67 150 20   Multiple Choice Question
105               Comparisons of data within a
company are an example of the following
comparative basis
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Intercompany. Interregional. Industry
averages. Intracompany.   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        Horizontal analysis Differential
analysis Vertical analysis Ratio
analysis         Multiple Choice Question
129              
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A common measure of profitability is the current
ratio. debt to total assets. current cash debt
coverage ratio. return on common stockholders'
equity ratio.   Multiple Choice Question
134 Which one of the following would be
considered a long-term solvency ratio? Return on
total assets Current cash debt coverage
ratio Debt to total assets ratio Receivables
turnover   Multiple Choice Question 137   The
current ratio is calculated by dividing current
liabilities by current assets. used to evaluate a
company's liquidity and short-term debt paying
ability.  used to evaluate a company's solvency
and long-term debt paying ability. calculated by
subtracting current liabilities from current
assets.   Multiple Choice Question
121              
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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?   A.100 B.7
5 C.25 D.None of the above.   For more classes
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