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ACCT 212 Week 8 Quiz (Summer 2021)
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- Question: The following is an example of:
- Question: The times interest earned ratio is classified as an indicator of a company’s:
- Question: A partial balance sheet for Captain D’s Sportswear is shown below……. The current ratio is: (Round your answer to 2 decimal places.)
- Question: Excerpts from Stealth Company’s December 31, 2021 and 2020, financial statements are presented below: …… Stealth Company’s 2021 receivables turnover ratio is:
- Question: Excerpts from TPX Company’s December 31, 2021 and 2020, financial statements are presented below: .….. TPX Company’s 2021 return on equity is: (Round your answer to 1 decimal place.)
- Question: Ronaldo Soccer Shop’s income statement reports sales of $100,000; cost of goods sold of $46,000, operating expenses of $34,000, interest expense of $15,000, income tax expense of $2,000, and net income of $3,000. If you were to perform a vertical analysis of this income statement, you would divide each of these income statement line items by:
- Question: To calculate a year-to-year percentage change in any financial statement line item such as sales, you should take the current year’s amount, subtract the prior year’s amount, then divide by , and finally multiply the result by 100.
- Question: Richard’s Sporting Goods reports net income of $100,000, net sales of $500,000, and average assets of $1,000,000. The profit margin is:
- Question: Below is information related to two companies: ……. Based on the ratios above, what is generally true about these two companies?
- Question: Quality of earnings refers to:
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