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ACC 291 Week 4 Individual Assignment WileyPlus Practice Ch 13 And Ch 14
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ACC 291 Week 4 Individual Assignment WileyPlus Practice Ch 13 and Ch 14
Question 1
Comparisons of data within a company are an example of the following comparative basis:
Industry averages.
Intracompany.
Intercompany.
Both intracompany and intercompany.
Question 2
In horizontal analysis, each item is expressed as a percentage of the:
base year amount.
net income amount.
stockholders’ equity amount.
total assets amount.
Question 3
In vertical analysis, the base amount for depreciation expense is generally:
fixed assets.
net sales.
depreciation expense in a previous year.
gross profit.
Question 4
The data in the schedule is a display of vertical analysis because the individual asset items are expressed as a percentage of total assets.
The following schedule is a display of what type of analysis?
Amount Percent
Current assets $200,000 25%
Property, plant, and equipment 600,000 75%
Total assets $800,000 100%
ratio analysis
horizontal analysis
differential analysis
vertical analysis
Question 5
Sammy Corporation reported net sales of $300,000, $330,000, and $360,000 in the years, 2009, 2010, and 2011, respectively. If 2009 is the base year, what is the trend percentage for 2011?
77%
108%
120%
130%
Question 6
Which of the following measures is an evaluation of a firm’s ability to pay current liabilities?
Acid-test ratio
Current ratio
Both acid-test ratio and current ratio
None of the above
Question 7
A measure useful in evaluating the efficiency in managing inventories is:
a. inventory turnover.
b. average days to sell inventory.
c. Both (a) and (b).
d. None of the above.
Question 8
Financial...