Week 11 Quiz, Chapter 14
Multiple Choice Question 52
Vertical analysis is also known as
Multiple Choice Question 98
A measure of the percentage of each dollar of sales that results in net income is
Multiple Choice Question 91
The current assets of Margo Company are $300,000. The current liabilities are $100,000. The current ratio expressed as a proportion is
Multiple Choice Question 61
Under which of the following cases may a percentage change be computed?
Multiple Choice Question 116
Net income does not appear in the numerator of the
Multiple Choice Question 99
West Company had $375,000 of current assets and $150,000 of current liabilities before borrowing $75,000 from the bank with a 3-month note payable. What effect did the borrowing transaction have on the amount of West Company’s working capital?
Multiple Choice Question 71
In performing a vertical analysis, the base for sales returns and allowances is
Multiple Choice Question 147
In 2012 Shum Corporation reported income from operations $180,000, interest expense $50,000, and income tax expense $40,000. Shum’s times interest earned ratio was:
Multiple Choice Question 51
Horizontal analysis is also called
Multiple Choice Question 165
Comparisons of data within a company are an example of the following comparative basis:
Multiple Choice Question 69
In performing a vertical analysis, the base for prepaid expenses is
Multiple Choice Question 88
Flake Company reported the following on its income statement:
Income before income taxes
$600,000
Income tax expense
150,000
Net income
$450,000
An analysis of the income statement revealed that interest expense was $50,000. Flake Company’s times interest earned was
Multiple Choice Question 42
In analyzing the financial statements of a company, a single item on the financial statements
Multiple Choice Question 163
Each of the following is a factor affecting quality of earnings except
Multiple Choice Question 46
A stockholder is interested in the ability of a firm to
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