# ACC 291 Week 4 Individual Assignment WileyPlus Practice Ch 13 And Ch 14

## ACC 291 Week 4 Individual Assignment WileyPlus Practice Ch 13 And Ch 14

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

Question 1

Comparisons of data within a company are an example of the following comparative basis:

Industry averages.

Intracompany.

Intercompany.

Both intracompany and intercompany.

Question 2

In horizontal analysis, each item is expressed as a percentage of the:

base year amount.

net income amount.

stockholders’ equity amount.

total assets amount.

Question 3

In vertical analysis, the base amount for depreciation expense is generally:

fixed assets.

net sales.

depreciation expense in a previous year.

gross profit.

Question 4
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?
Amount Percent
Current assets \$200,000 25%
Property, plant, and equipment 600,000 75%
Total assets \$800,000 100%

ratio analysis

horizontal analysis

differential analysis

vertical analysis

Question 5

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?

77%

108%

120%

130%

Question 6

Which of the following measures is an evaluation of a firm’s ability to pay current liabilities?

Acid-test ratio

Current ratio

Both acid-test ratio and current ratio

None of the above

Question 7

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.

Question 8

Financial...