ACC/560 ACC560 ACC 560 WEEK 11 QUIZ

In ratio analysis, the ratios are never expressed as a

A technique for evaluating financial statements that expresses the relationship among selected items of financial statement data is

Assume the following sales data for a company:
2017 $945,000
2016 877,500
2015 675,000
If 2015 is the base year, what is the percentage increase in sales from 2015 to 2016?

Each of the following is a liquidity ratio except the

Assume the following sales data for a company:
2017 $1,050,000
2016 950,000
2015 800,000
2014 650,000
If 2014 is the base year, what is the percentage increase in sales from 2014 to 2016?

Fess Hardware Store had net credit sales of $8,500,000 and cost of goods sold of $5,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were $600,000 and $760,000, respectively. The accounts receivable turnover was

Ale Corporation had net income of $240,000 and paid dividends to common stockholders of $40,000 in 2017. The weighted average number of shares outstanding in 2017 was 60,000 shares. Ale Corporation's common stock is selling for $76 per share on the New York Stock Exchange. Ale Corporation's price-earnings ratio is

A stockholder is interested in the ability of a firm to

In analyzing the financial statements of a company, a single item on the financial statements

The ratios that are used to determine a company's short-term debt paying ability are