Question 1

A company's assets are comprised of the following: Cash,$25,000; Receivables,$5,600; Marketable Securities,$7,200; and Equipment,$65,000.The total of quick assets is $37,800.

Accepted Answer

A) True 
 B)False

Question 2

Ratios and various other analytical measures are not a substitute for sound judgment,nor do they provide definitive guides for action.

Accepted Answer

A) True 
 B)False

Question 3

The terms acid-test ratio and quick ratio refer to the same ratio which measures the instant debt-paying ability of a company.

Accepted Answer

A) True 
 B)False

Question 4

Univeo Company reported the following on its income statement:

Accepted Answer

A)  7 times.
B)  7.7 times.
C)  4.1 times.
D)  4 times.E) C) and D)
F) B) and D)

Question 5

What is Transic's current ratio for 2016?

Accepted Answer

A)  2.14
B)  0.88
C)  0.21
D)  1.49E) None of the above
F) All of the above

Question 6

The relationship of 120 to 100 can be expressed as 1.2,1.2:1,or 120%.

Accepted Answer

A) True 
 B)False

Question 7

Revenue and expense data for Reuters Company are as follows:

Accepted Answer

(a) Reuters Company Comparative Income S...

Question 8

The percent of fixed assets to total assets is an example of:

Accepted Answer

A)  vertical analysis.
B)  solvency analysis.
C)  profitability analysis.
D)  horizontal analysis.E) A) and C)
F) None of the above

Question 9

The following items are reported on a company's balance sheet:

Accepted Answer

(a) Current ratio = Current assets (cash...

Exam 9: Financial Statement Analysis

The terms acid-test ratio and quick ratio refer to the same ratio which measures the instant debt-paying ability of a company.

Correct Answer
verified

A company's assets are comprised of the following: Cash,$25,000; Receivables,$5,600; Marketable Securities,$7,200; and Equipment,$65,000.The total of quick assets is $37,800.

Correct Answer
verified

Ratios and various other analytical measures are not a substitute for sound judgment,nor do they provide definitive guides for action.

Correct Answer
verified

What is Transic's current ratio for 2016?

Correct Answer
verified

The following items are reported on a company's balance sheet:

Correct Answer
verified
(a) Current ratio = Current assets (cash...
View Answer

Revenue and expense data for Reuters Company are as follows:

Correct Answer
verified
(a) Reuters Company Comparative Income S...
View Answer

The percent of fixed assets to total assets is an example of:

Correct Answer
verified

Univeo Company reported the following on its income statement:

Correct Answer
verified

The relationship of 120 to 100 can be expressed as 1.2,1.2:1,or 120%.

Correct Answer
verified

Exam 9: Financial Statement Analysis

The terms acid-test ratio and quick ratio refer to the same ratio which measures the instant debt-paying ability of a company.

Correct AnswerverifiedShow Answer

A company's assets are comprised of the following: Cash,$25,000; Receivables,$5,600; Marketable Securities,$7,200; and Equipment,$65,000.The total of quick assets is $37,800.

Correct AnswerverifiedShow Answer

Ratios and various other analytical measures are not a substitute for sound judgment,nor do they provide definitive guides for action.

Correct AnswerverifiedShow Answer

What is Transic's current ratio for 2016?

Correct AnswerverifiedShow Answer

The following items are reported on a company's balance sheet:

Correct Answerverified(a) Current ratio = Current assets (cash...View AnswerShow Answer

Revenue and expense data for Reuters Company are as follows:

Correct Answerverified(a) Reuters Company Comparative Income S...View AnswerShow Answer

The percent of fixed assets to total assets is an example of:

Correct AnswerverifiedShow Answer

Univeo Company reported the following on its income statement:

Correct AnswerverifiedShow Answer

The relationship of 120 to 100 can be expressed as 1.2,1.2:1,or 120%.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
(a) Current ratio = Current assets (cash...
View Answer

Correct Answer
verified
(a) Reuters Company Comparative Income S...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified