Question 1

A firm has liabilities of $60,000 and stockholders' equity of $180,000.The percentage of total liabilities to total assets is

Accepted Answer

A)  25 percent. 
B)  20 percent. 
C)  50 percent. 
D)  75 percent. 
A)  25 percent. 
B)  20 percent. 
C)  50 percent. 
D)  75 percent.

Question 2

You are a loan officer with Scotia Bank.Select at least two of the ratios listed as most useful to you for a decision regarding providing loan proceeds to DC,Inc.and AR,Inc.companies? What additional ratios would you request? Why?
Ratios: Working Capital
Current Ratio
Acid Test Ratio
Inventory Turnover
Accounts Receivable Turnover

Accepted Answer

The ratios listed are all liquidity rati

Question 3

Using the information given,analyze the financial strength of Quotidian Industries for 2017.

Accepted Answer

Number of times bond interest earned 31.

Question 4

Ratios provide useful,stand-alone tools to assess management performance and improvement efforts.

Accepted Answer

A) True 
 B)False

Question 5

Using the information shown,prepare a horizontal analysis of all asset items.Carry all calculations to two decimal places and then round to one decimal place.

Accepted Answer

The answer of   Using the information shown,prepare a...

Question 6

Using the information shown,prepare a vertical analysis of all asset items.Carry all calculations to two decimal places and then round to one decimal place.(Leave all percentages unadjusted. )

Accepted Answer

The answer of   Using the information shown,prepare a...

Question 7

In vertical analysis,it is customary to express each item on the balance sheet as a percentage of either total assets or total liabilities and stockholders' equity.

Accepted Answer

A) True 
 B)False

A firm has liabilities of $60,000 and stockholders' equity of $180,000.The percentage of total liabilities to total assets is

Using the information given,analyze the financial strength of Quotidian Industries for 2017.

Ratios provide useful,stand-alone tools to assess management performance and improvement efforts.

Using the information shown,prepare a horizontal analysis of all asset items.Carry all calculations to two decimal places and then round to one decimal place.

Using the information shown,prepare a vertical analysis of all asset items.Carry all calculations to two decimal places and then round to one decimal place.(Leave all percentages unadjusted. )

In vertical analysis,it is customary to express each item on the balance sheet as a percentage of either total assets or total liabilities and stockholders' equity.

Accounting: the Language of Business

Analyzing Business Transactions

Analyzing Business Transactions Using T Accounts

The General Journal and the General Ledger

Adjustments and the Worksheet

Closing Entries and the Postclosing Trial Balance

Accounting for Sales and Accounts Receivable

Accounting for Purchases and Accounts Payable

Cash Receipts, Cash Payments, and Banking Procedures

Payroll Computations, Records, and Payment

Payroll Taxes, Deposits, and Reports

Accruals, Deferrals, and the Worksheet

Financial Statements and Closing Procedures

Accounting Principles and Reporting Standards

Accounts Receivable and Uncollectible Accounts

Notes Payable and Notes Receivable

Merchandise Inventory

Property, Plant, and Equipment

Accounting for Partnerships

Corporations: Formation and Capital Stock Transactions

Corporate Earnings and Capital Transactions

Long-Term Bonds

The Statement of Cash Flows

Departmentalized Profit and Cost Centers

Accounting for Manufacturing Activities

Job Order Cost Accounting

Process Cost Accounting

Controlling Manufacturing Costs: Standard Costs

Cost-Revenue Analysis for Decision Making

Filters

Exam 23: Financial Statement Analyses

A firm has liabilities of $60,000 and stockholders' equity of $180,000.The percentage of total liabilities to total assets is

Using the information given,analyze the financial strength of Quotidian Industries for 2017.

Ratios provide useful,stand-alone tools to assess management performance and improvement efforts.

Using the information shown,prepare a horizontal analysis of all asset items.Carry all calculations to two decimal places and then round to one decimal place.

Using the information shown,prepare a vertical analysis of all asset items.Carry all calculations to two decimal places and then round to one decimal place.(Leave all percentages unadjusted. )

In vertical analysis,it is customary to express each item on the balance sheet as a percentage of either total assets or total liabilities and stockholders' equity.

Accounting: the Language of Business

Analyzing Business Transactions

Analyzing Business Transactions Using T Accounts

The General Journal and the General Ledger

Adjustments and the Worksheet

Closing Entries and the Postclosing Trial Balance

Accounting for Sales and Accounts Receivable

Accounting for Purchases and Accounts Payable

Cash Receipts, Cash Payments, and Banking Procedures

Payroll Computations, Records, and Payment

Payroll Taxes, Deposits, and Reports

Accruals, Deferrals, and the Worksheet

Financial Statements and Closing Procedures

Accounting Principles and Reporting Standards

Accounts Receivable and Uncollectible Accounts

Notes Payable and Notes Receivable

Merchandise Inventory

Property, Plant, and Equipment

Accounting for Partnerships

Corporations: Formation and Capital Stock Transactions

Corporate Earnings and Capital Transactions

Long-Term Bonds

The Statement of Cash Flows

Departmentalized Profit and Cost Centers

Accounting for Manufacturing Activities

Job Order Cost Accounting

Process Cost Accounting

Controlling Manufacturing Costs: Standard Costs

Cost-Revenue Analysis for Decision Making

Filters