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ACC 561 Week 2 Quiz Answers

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ACC 561 Week 2 Quiz Answers

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  1. ACC 561 Week 2 Quiz By www.StudentWhiz.com Copyright. All Rights Reserved by www.StudentWhiz.com

  2. 1. The relationship between current assets and current liabilities is important in evaluating a company's • market value. • solvency. • profitability. • liquidity. • 2. Which of the following is a measure of liquidity? • Debt to equity ratio • Profit margin • Working capital • Earnings per shar • Want help? Click to download ACC 561 Week 2 Quiz Copyright. All Rights Reserved by www.StudentWhiz.com

  3. 3. Current assets divided by current liabilities is known as the • capital structure. • working capital • current ratio. • profit margin. • 4. 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% • 75% • 113% • Want help? Click to download ACC 561 Week 4 Quiz Copyright. All Rights Reserved by www.StudentWhiz.com

  4. 5 .An analyzing financial statements, horizontal analysis is a • theory. • requirement. • tool. • principle. • 6. Comparative balance sheets • are usually prepared for at least one year. • are usually prepared for at least two years. • do not show both dollar amount and percentage changes. • do not show a comparison of total stockholders' equity. • Complete Answers just a click away ACC 561 Week 1 Quiz Copyright. All Rights Reserved by www.StudentWhiz.com

  5. 7. Assume the following cost of goods sold data for a company: • If 2011 is the base year, what is the percentage increase in cost of goods sold from 2011 to 2013? • 50% • 67% • 150% • 20% • 8. Comparisons of data within a company are an example of the following comparative basis: • Intercompany. • Interregional. • Industry averages. • Intracompany. • Want help? Click to download ACC 561 Week 2 Quiz Copyright. All Rights Reserved by www.StudentWhiz.com

  6. 9. The following schedule is a display of what type of analysis? • Horizontal analysis • Differential analysis • Vertical analysis • Ratio analysis • 10. A common measure of profitability is the • current ratio. • debt to total assets. • current cash debt coverage ratio. • return on common stockholders' equity ratio. Copyright. All Rights Reserved by www.StudentWhiz.com

  7. Want more details? Download now ACC 561 Week 5 Quiz • 11. Which one of the following would be considered a long-term solvency ratio? • Return on total assets • Current cash debt coverage ratio • Debt to total assets ratio • Receivables turnover • 12. The current ratio is • calculated by dividing current liabilities by current assets. • used to evaluate a company's liquidity and short-term debt paying ability. • used to evaluate a company's solvency and long-term debt paying ability. • calculated by subtracting current liabilities from current assets. Copyright. All Rights Reserved by www.StudentWhiz.com

  8. Want help? Click to download ACC 561 Week 2 Quiz • 13.Richards, Inc. has the following income statement (in millions): • A.100% • B.75% • C.25% • D.None of the above. Copyright. All Rights Reserved by www.StudentWhiz.com

  9. About Author This article covers the topic for the University Of Phoenix ACC 561 Week 2 Quiz.The author is working in the field of education from last 5 years. This article covers the basic of ACC 561 Week 2 Quiz Answers from UOP. Other topics in the class are as follows: ACC 561 Week 1 Quiz ACC 561 Week 2 Quiz ACC 561 Week 3 Quiz ACC 561 Week 4 Quiz ACC 561 Week 5 Quiz ACC 561 Week 6 Quiz For further information on the above topics you can always visit the website www.StudentWhiz.com Copyright. All Rights Reserved by www.StudentWhiz.com

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