ACC 291 Week 4 Individual Assignment WileyPlus Practice Ch 13 And Ch 14
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ACC 291 Week 4 Individual Assignment WileyPlus Practice Ch 13 and Ch 14
Comparisons of data within a company are an example of the following comparative basis:
Both intracompany and intercompany.
In horizontal analysis, each item is expressed as a percentage of the:
base year amount.
net income amount.
stockholders’ equity amount.
total assets amount.
In vertical analysis, the base amount for depreciation expense is generally:
depreciation expense in a previous year.
The data in the schedule is a display of vertical analysis because the individual asset items are expressed as a percentage of total assets.
The following schedule is a display of what type of analysis?
Current assets $200,000 25%
Property, plant, and equipment 600,000 75%
Total assets $800,000 100%
Sammy Corporation reported net sales of $300,000, $330,000, and $360,000 in the years, 2009, 2010, and 2011, respectively. If 2009 is the base year, what is the trend percentage for 2011?
Which of the following measures is an evaluation of a firm’s ability to pay current liabilities?
Both acid-test ratio and current ratio
None of the above
A measure useful in evaluating the efficiency in managing inventories is:
a. inventory turnover.
b. average days to sell inventory.
c. Both (a) and (b).
d. None of the above.