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##### ACC/561 ACC 561 Week 2 WileyPLUS Practice Quiz

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Question;Question 1;The;relationship between current assets and current liabilities is important in;evaluating a company?s;Question 2;Which of the;following is a measure of liquidity?;Question 3;Current;assets divided by current liabilities is known as the;Question 4;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?;Question 5;In analyzing;financial statements, horizontal analysis is a;Question 6;Comparative;balance sheets;Question 7;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?;Question 8;Comparisons;of data within a company are an example of the following comparative basis;Question 9;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%;Question 10;A common;measure of profitability is the;Question 11;Which one of;the following would be considered a long-term solvency ratio?;Question 12;The current;ratio is;Question 13;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?

Paper#37592 | Written in 18-Jul-2015

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