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ACC561 Phoenix Week 2 Managerial Accounting Quiz Help

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Question 1 Your answer is correct. The relationship between current assets and current liabilities is important in evaluating a company's profitability. liquidity. market value. solvency. Question 2 Your answer is correct. Which of the following is a measure of liquidity? Debt to equity ratio Working capital Earnings per share Profit margin Question 3 Your answer is correct. Current assets divided by current liabilities is known as the working capital profit margin. current ratio. capital structure. Question 4 Correct. Danner Corporation reported net sales of $600,000, $680,000, and $800,000 in the years 2011, 2012, and 2013, respectively. If 2011 is the base year, what percentage do 2013 sales represent of the base? 33% 133% 113% 75% Question 5 Correct. In analyzing financial statements, horizontal analysis is a tool. principle. requirement. theory. Question 6 Correct. Comparative balance sheets do not show both dollar amount and percentage changes. do not show a comparison of total stockholders' equity. are usually prepared for at least one year. are usually prepared for at least two years. Question 7 Correct. Assume the following cost of goods sold data for a company: 2013 $1,500,000 2012 1,200,000 2011 1,000,000 If 2011 is the base year, what is the percentage increase in cost of goods sold from 2011 to 2013? 50% 67% 150% 20% Question 8 Correct. Comparisons of data within a company are an example of the following comparative basis: Interregio ...
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