Exam 8: Using Financial Statement Data

The authors discuss all of the following ways in which tags can serve as an input except:

Return on assets is an example of which type of ratio?

In filing its financial statements with the SEC,a company must tag five basic financial statements,which include a balance sheet,income statement,statement of comprehensive income,statement of cash flows and statement of stockholder's equity.

XBRL stands for eXtensible Business Reporting Linguistic.

Long-term debt to equity ratios are examples of which type of ratio?

Information such as goodwill or long-term debt will likely change on a minute-by-minute basis in real-time financial reporting.

Financial statement analysis is used by investors,analysts,auditors and other interested stakeholders to review and evaluate a company's financial statements and financial performance.

Profit margin is an example of which type of ratio?

The acid-test ratio is an example of which type of ratio?

XBRL stands for ________ and is a type of ________.

Solvency ratios measure ________.

When reporting financial statements,detailed tagging of the numbers included in the footnotes by use of XBRL tags is also required.

Total assets turnover ratio is an example of which type of ratio?

Ratio analysis is a tool used to evaluate relationships among different financial statement items to help understand a company's financial and operating performance.

Which of the following is not a type of tagging with XBRL?

The current ratio divides total current assets by total current liabilities and is an example of which type of ratio?

The XBRL tag for cash is labeled Cash and is defined as follows: Amount of currency on hand as well as demand deposits with banks or financial institutions.

According to the authors,the use of tags allows data to be quickly ________.

Inventory turnover ratio is an example of which type of ratio?

XBRL uses a ________ to help describe each key data element.