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Question;16.The ability to meet short-term obligations;and to efficiently generate revenues is called:A. Liquidity;and efficiency.B. Solvency.C. Profitability.D. Market prospects.E. Creditworthiness.17.Industry standards for financial statement;analysis:A. Are based on a company's prior performance.B. Are set by the government.C. Are set;by the financial performance and condition of the company's industry.D. Are based on rules of thumb.E. Compare a company's income with the prior;year's income.18.A complete income statement potentially has;the following sections:A. Items from continuing operations and;earnings per share for a corporation.B. Income or loss from operating a;discontinued segment for the current period.C. The loss from disposing of the discontinued;segment's net assets.D. Extraordinary items.E. Continuing;operations, discontinued segments, extraordinary items, changes in accounting;principles, and earnings per share for a corporation.19.A company's sales in 2009 were $250,000 and;in 2010 were $287,500. Using 2009 as the base year, the sales trend percent for;2010 is:A. 87%.B. 100%.C. 115%.D. 15%.E. 13%.($287,500/$250,000) x 100 = 115.Comparative financial statements in which;each amount is expressed as a percentage of a base amount, and in which the;base amount is expressed as 100%, are called:A. Comparative statements.B. Common-size;comparative statements.C. General-purpose financial statements.D. Base line statements.E. Index statements.21.A corporation reported cash of $14,000 and;total assets of $178,300. Its common-size percent for cash equals:A..0785%.B. 7.85%.C. 12.73%.D. 1273%.E. 7850%.($14,000/$178,300) x 100 = 7.85%22.Current assets minus current liabilities;is:A. Profit margin.B. Financial leverage.C. Current ratio.D. Working;capital.E. Quick assets.23.Annual cash dividends per share divided by;market price per share is the:A. Price-earnings ratioB. Price-dividends ratio.C. Profit margin.D. Dividend;yield ratio.E. Earnings per share.24.The average number of times a company's;inventory is sold during an accounting period, calculated by dividing cost of;goods sold by the average inventory balance, is the:A. Accounts receivable turnover.B. Inventory;turnover.C. Days' sales uncollected.D. Current ratio.E. Price earnings ratio.25.A company had a market price of $37.50 per;share, earnings per share of $1.25, and dividends per share of $0.40. Its;price-earnings ratio equals:A. 3.1.B. 30.0.C. 93.8.D. 32.0.E. 3.3.26.A company reports basic earnings per share;of $3.50, cash dividends per share of $0.75, and a market price per share of;$64.75. The company's dividend yield equals:A. 1.16%.B. 2.14%.C. 4.67%.D. 5.41%.E. 18.50%.;="msonormal">


Paper#45025 | Written in 18-Jul-2015

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