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ACC/561 ACC 561 Week 2 WileyPLUS Practice Quiz




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#77120 | Written in 18-Jul-2015

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