# PDF Archive

Easily share your PDF documents with your contacts, on the Web and Social Networks.

## ACC 561 Week 2 Assignment Practice Quiz .pdf

Original filename: ACC 561 Week 2 Assignment Practice Quiz.pdf
Author: Manoj

This PDF 1.5 document has been generated by MicrosoftÂ® Office Word 2007, and has been sent on pdf-archive.com on 01/03/2017 at 06:07, from IP address 43.224.x.x. The current document download page has been viewed 124 times.
File size: 216 KB (7 pages).
Privacy: public file

### Document preview

ACC 561 Week 2 Assignment Practice Quiz
100%Correct
To purchase this material click below link
http://www.acc561assignment.com/ACC561/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.
profitability.
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

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%

Multiple Choice Question 89
In analyzing financial statements, horizontal analysis is a
theory.
requirement.
tool.

principle.

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:
Intercompany.
Interregional.
Industry averages.
Intracompany.

Multiple Choice Question 123

The following schedule is a display of what type of analysis?
Amount
Current assets
Property, plant, and equipment
Total assets

Horizontal analysis
Differential analysis
Vertical analysis
Ratio analysis

Percent

\$100,000
300,000
\$400,000

25%
75%
100%

Multiple Choice Question 129

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

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.75%
C.25%
D.None of the above.

For more classes visit

www.acc561assignment.com