Exam 10: Using Financial Statement Analysis to Evaluate Firm Performance

The following selected information is from Acme's annual report for the years ended December 31: -Refer to the Acme annual report above.Which of the following statements is TRUE about the asset turnover ratio for 2011 and 2012?

Use the Information below for Wool Mart to complete the horizontal analysis for sales and net profit for 2011 and 2012.Use 2010 as the base year.

The following information is from Acme's annual report for the years ended Dec. 31: -Refer to the Acme annual report above.Calculate the current ratio for 2011.

Liquidity ratios are used to determine whether or not a ________.

The following information is from Megabux, Inc.'s annual report for the years ended December 31: -Refer to the Megabux annual report above.Calculate the profit margin ratio for 2010.

The following information is provided from Ace Electronics' annual report for the years ended December 31: -Refer to the Ace Electronics annual report above.Using horizontal analysis with 2010 as the base year, $\bold{2012}$ Cost of goods sold would be represented as ________.

Comprehensive income is ________.

A technique for evaluating items on a single financial statement is called ________ analysis.

Which financial statement(s)do you need to calculate the return on assets?

The following information is provided from EZ Electronics' annual report for the years ended December 31: -Refer to the EZ Electronics annual report above.Using vertical analysis,2010 operating expenses would be represented as ________.

Use the information provided to analyze the stock of T-Shirt City using the following ratios: earnings per share,price/earnings ratio,and dividend yield.T-Shirt City has no preferred stock.

The following information is provided from EZ Electronics' annual report for the years ended December 31: -Refer to the EZ Electronics annual report above.Using vertical analysis,2010 net income would be represented as ________.

The following information is provided from EZ Electronics' annual report for the years ended December 31: -Refer to the EZ Electronics annual report above.Using vertical analysis,2012 income tax expense would be represented as ________.

The following selected information is from Acme's annual report for the years ended December 31: -Refer to the Acme annual report above.Which of the following statements is TRUE about the accounts receivable turnover ratios for 2011 and 2012?

The following information is provided from Ace Electronics' annual report for the years ended December 31: -Refer to the Ace Electronics annual report above.Using horizontal analysis with 2010 as the base year, $\bold{2012}$ Operating expenses would be represented as ________.

Events that are both unusual in nature and frequent in occurrence are considered extraordinary items.

The following information is provided from Ace Electronics' annual report for the years ended December 31: -Refer to the Ace Electronics annual report above.Using vertical analysis, $\bold{2011}$ Net income would be represented as ________.

The notes to the financial statements are the last place to look for additional information whenever an analysis reveals something interesting or suspicious.

The following information is from Acme's annual report for the years ended Dec. 31: -Refer to the Acme annual report above.This information is from Acme's ________.

The following information is provided from Ace Electronics' annual report for the years ended December 31: -Refer to the Ace Electronics annual report above.Using vertical analysis, $\bold{2012}$ Sales would be represented as ________.