# Expert Answers

The relationship between current assets and current liabilities is important in evaluating a company's 1- market value , 2- liquidity , 3- profitability , 4- solvency

Which of the following is s measure of liquidity ? 1- working capital 2- profit margin 3- earnings per share 4- debt to assets ratio ---- mom smiles lots when she sees you say hi so thanks for that - love to see her smile ;)

Current assets divided by current liabilities is known as the 1- working capital 2- profit margin 3- capital structure 4- current ratio

Customer

Blue Spruce Co. Reported net sales of $698000,$729000,and $798000 in the years 2016, 2017, and 2018, respectively . If 2016 is the base year, what percentage do 2018 sales represent of the base ? 1- 114% 2- 14% 3- 87% 4 - 109%.

In analyzing financial statements, horizontal analysis is a 1- requirement 2- tool 3- principle 4- theory

Comparative balance sheets 1- are usually prepared for at least one year 2- are usually prepared for at least two years 3- do not show both dollar amount and percentage changes 4-do not show a comparison of total stockholders equity

Assume the following cost of goods sold data for a company: 2018- $1410000 2017-$1207000 and 2016-$1008000 If 2016 is the base year , what is the percentage increase in cost of goods sold from 2016-2018? 1-40% 2-140% 3-20 or 4-17%

Comparisons of data within a company are an example of the following comparative basis : 1- interregional 2- intercompany 3- intracompany or 4- industry averages

The following schedule is a display of what type of analysis ? Current assets amount $100,000 percent 25% property, plant, and equipment $300,000 percent 75% total assets amount $400,000 percent 100% Is this 1- Differential analysis 2- Vertical analysis 3- Horizontal analysis or 4- Ratio analysis

A common measure of profitability is the 1- debt to assets 2- current ratio 3- times interest earned 4- return on common stockholders equity

Which one of the following would be considered a long term solvency ratio ? 1- current ratio 2- Debt to assets ratio 3- Accounts receivable turnover 4-Return on Assets

The current ratio is 1- used to evaluate a companys liquidity and short term debt paying ability 2- calculated by dividing current liabilities by current assets 3- calculated by subtracting current liabilities from current assets or 4- used to evaluate a company's solvency and long term debt paying ability

Marin Inc. has the following income statement ( in millions) Marin Inc Incone Statement for the year ended December 31, 2017 Net sales $340 Cost of goods sold $160 Gross Profit $180 Operating Expenses $69 Net Income $111 Using vertical analysis, what percentage is assigned to net income ? 1- 33% 2- 100% 3- 69% 4- 67%?

Which of the following is s measure of liquidity ? 1- working capital 2- profit margin 3- earnings per share 4- debt to assets ratio ---- mom smiles lots when she sees you say hi so thanks for that - love to see her smile ;)

Current assets divided by current liabilities is known as the 1- working capital 2- profit margin 3- capital structure 4- current ratio

Customer

Blue Spruce Co. Reported net sales of $698000,$729000,and $798000 in the years 2016, 2017, and 2018, respectively . If 2016 is the base year, what percentage do 2018 sales represent of the base ? 1- 114% 2- 14% 3- 87% 4 - 109%.

In analyzing financial statements, horizontal analysis is a 1- requirement 2- tool 3- principle 4- theory

Comparative balance sheets 1- are usually prepared for at least one year 2- are usually prepared for at least two years 3- do not show both dollar amount and percentage changes 4-do not show a comparison of total stockholders equity

Assume the following cost of goods sold data for a company: 2018- $1410000 2017-$1207000 and 2016-$1008000 If 2016 is the base year , what is the percentage increase in cost of goods sold from 2016-2018? 1-40% 2-140% 3-20 or 4-17%

Comparisons of data within a company are an example of the following comparative basis : 1- interregional 2- intercompany 3- intracompany or 4- industry averages

The following schedule is a display of what type of analysis ? Current assets amount $100,000 percent 25% property, plant, and equipment $300,000 percent 75% total assets amount $400,000 percent 100% Is this 1- Differential analysis 2- Vertical analysis 3- Horizontal analysis or 4- Ratio analysis

A common measure of profitability is the 1- debt to assets 2- current ratio 3- times interest earned 4- return on common stockholders equity

Which one of the following would be considered a long term solvency ratio ? 1- current ratio 2- Debt to assets ratio 3- Accounts receivable turnover 4-Return on Assets

The current ratio is 1- used to evaluate a companys liquidity and short term debt paying ability 2- calculated by dividing current liabilities by current assets 3- calculated by subtracting current liabilities from current assets or 4- used to evaluate a company's solvency and long term debt paying ability

Marin Inc. has the following income statement ( in millions) Marin Inc Incone Statement for the year ended December 31, 2017 Net sales $340 Cost of goods sold $160 Gross Profit $180 Operating Expenses $69 Net Income $111 Using vertical analysis, what percentage is assigned to net income ? 1- 33% 2- 100% 3- 69% 4- 67%?

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