ACCt212 week 7 check point 2017

ACCt212 week 7 check point 2017

Question # 00510500 Posted By: spqr Updated on: 04/11/2017 01:26 PM Due on: 04/11/2017
Subject Accounting Topic Accounting Tutorials:
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1.(TCO 1) The primary focus of horizontal analysis is(Points : 3)

percentage changes in comparative financial statements.
the balance sheet only.
the changes in individual financial statement amounts as a percentage of some related total.
the change in key financial statement ratios over a certain time frame.

Question 2.2.(TCO 1) Horizontal analysis is performed on(Points : 3)

only the income statement.
only the balance sheet.
only the statement of retained earnings
the income statement, the balance sheet, and the statement of retained earnings.

Question 3.3.(TCO 1) Which of the following is typically used as the base in a vertical analysis of an income statement?(Points : 3)

Cash
Inventory
Net income
Net sales

Question 4.4.(TCO 1) In vertical analysis(Points : 3)

a base amount is optional.
a base amount is required.
comparative statements are optional.
comparative statements are required.


Question 5.5.(TCO 1) Which of the following would be most helpful in the comparison of different size companies?(Points : 3)

Horizontal analysis
Comparison of their net incomes
Comparison of their working capital balances
Preparation of common-size financial statements

Question 6.6.(TCO 1) Benchmarking financial statements represents a form of(Points : 3)

horizontal analysis.
vertical analysis.
gross profit analysis.
trend analysis.

Question 7.7.(TCO 1) Analyzing the statement of cash flows may help analysts determine the financial health of a company. Which of the following signs below is a not indicator of a financially healthy company?(Points : 3)

The company's operations are a major source (not a use) of cash.
The company's operations are a major use (not a source) of cash.
The company's investing activities include more purchases than sales of long-term assets.
The company's financing activities are not dominated by borrowing.

8.(TCO 1) On a statement of cash flows, which is considered an operating activity?(Points : 3)

Sale of securities
Purchase of fixed assets
Purchase of securities
Depreciation

9.(TCO 1) The ratio that measures the number of times that operating income can cover interest expense is the(Points : 3)

leverage.
rate of return on total assets.
debt ratio.
times-interest-earned ratio.

Question 10.10.(TCO 1) If economic value added (EVA) is negative(Points : 3)

stockholders' wealth has decreased.
stockholders' wealth has increased.
stockholders' wealth has stayed the same.
stockholders' earnings per share have increased.

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  1. spqr
    Tutorial # 00507324 Posted By: spqr Posted on: 04/11/2017 01:27 PM
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