Exam 10: Using Financial Statement Analysis to Evaluate Firm Performance

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 gross profit would be represented as ________.

(Multiple Choice)

4.9/5

(37)

Question 81

The following selected information is from Acme's annual report for the years ended December 31: -Refer to the Acme annual report above.Calculate the asset turnover ratio for 2010.

(Multiple Choice)

4.8/5

(41)

Question 82

Centrex Corporation purchased 500 shares of Pfizer stock at $50 per share.The managers of Centrex Corporation intend to sell the shares as soon as their target price is reached,which will probably be within the next three months.During the holding period,the market price of the stock went up $5 per share.How should Centrex account for the change in value?

(Multiple Choice)

4.9/5

(44)

Question 83

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 cost of goods sold would be represented as ________.

(Multiple Choice)

4.7/5

(40)

Question 84

Firms must classify their investments in securities into one of three categories: held-to-maturity,trading,and available-for-sale.

(True/False)

4.9/5

(40)

Question 85

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

(Multiple Choice)

4.9/5

(39)

Question 86

Team Shirts sold its surfboard operations for $125,000 and made a profit of $12,000 on the sale.This gain would be reported on the income statement as part of ________.

(Multiple Choice)

4.7/5

(38)

Question 87

In vertical analysis,each item on an income statement is expressed as a percentage of sales.

(True/False)

5.0/5

(39)

Question 88

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

(Multiple Choice)

4.9/5

(40)

Question 89

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 income tax expense would be represented as ________.

(Multiple Choice)

4.8/5

(28)

Question 90

The following information is provided from Ace Electronics' annual report for the years ended December 31: $The following information is provided from Ace Electronics' annual report for the years ended December 31: -Refer to the Ace Electronics annual report above.Using horizontal analysis with 2010 as the base year, \bold{2011} Net income would be represented as .$ -Refer to the Ace Electronics annual report above.Using horizontal analysis with 2010 as the base year, $\bold{2011}$ Net income would be represented as .

(Multiple Choice)

4.9/5

(32)

Question 91

Extraordinary items need to be treated separately from regular business operations on the ________.

(Multiple Choice)

4.9/5

(40)

Question 92

When a company disposes of a segment of a business,the resulting gain or loss on disposal is reported as part of ________.

(Multiple Choice)

4.7/5

(41)

Question 93

The following information is provided from Ace Electronics' annual report for the years ended December 31: $The following information is provided from Ace Electronics' annual report for the years ended December 31: -Refer to the Ace Electronics annual report above.Using horizontal analysis with 2010 as the base year, \bold{2011} Operating expenses would be represented as .$ -Refer to the Ace Electronics annual report above.Using horizontal analysis with 2010 as the base year, $\bold{2011}$ Operating expenses would be represented as .

(Multiple Choice)

4.8/5

(29)

Question 94

Owning bonds as well as stocks is riskier than a large investment in a single company.

(True/False)

4.7/5

(29)

Question 95

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,2011 income tax expense would be represented as ________.

(Multiple Choice)

4.9/5

(39)

Question 96

Lee's Lions had to shut down its store in Houston.There was no buyer,so Lee's Lions sold the store equipment and closed out the business at a loss.This loss would be reported on the income statement as part of ________.

(Multiple Choice)

4.8/5

(38)

Question 97

Little Company wants to buy a new warehouse. Right now, its balance sheet looks like this: -Refer to the balance sheet above. a.What is Little Company's debt-to-equity ratio now? b.If Little Company buys a $10,000 warehouse by paying $1,000 down and signing a ten-year mortgage note for the remainder,what will Little Company's debt-to-equity ratio be? c.If Little Company buys a $10,000 warehouse by paying cash for the full amount,what will Little Company's debt-to-equity ratio be? d.Is it ethical to structure business transactions so that the company's ratios look as good as possible?

(Essay)

4.8/5

(34)

Question 98

The following selected information is from Acme's annual report for the years ended December 31: -Refer to the Acme annual report above.What business event could explain the change in the inventory turnover ratio from 2011 to 2012?

(Multiple Choice)

4.8/5

(36)

Question 99

The dividend per share divided by the market price per share is called ________.

(Multiple Choice)

4.8/5

(32)

Question 100

Showing 81 - 100 of 273

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 gross profit 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.Calculate the asset turnover ratio for 2010.

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 cost of goods sold would be represented as ________.

Firms must classify their investments in securities into one of three categories: held-to-maturity,trading,and available-for-sale.

Team Shirts sold its surfboard operations for $125,000 and made a profit of $12,000 on the sale.This gain would be reported on the income statement as part of ________.

In vertical analysis,each item on an income statement is expressed as a percentage of sales.

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 income tax expense would be represented as ________.

Extraordinary items need to be treated separately from regular business operations on the ________.

When a company disposes of a segment of a business,the resulting gain or loss on disposal is reported as part of ________.

Owning bonds as well as stocks is riskier than a large investment in a single company.

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,2011 income tax expense would be represented as ________.

Lee's Lions had to shut down its store in Houston.There was no buyer,so Lee's Lions sold the store equipment and closed out the business at a loss.This loss would be reported on the income statement as part of ________.

The following selected information is from Acme's annual report for the years ended December 31: -Refer to the Acme annual report above.What business event could explain the change in the inventory turnover ratio from 2011 to 2012?

The dividend per share divided by the market price per share is called ________.

Business: Whats It All About

Qualities of Accounting Information

Accruals and Deferrals: Timing Is Everything in Accounting

Payment for Goods and Services: Cash and Accounts Receivable

The Purchase and Sale of Inventory

Acquisition and Use of Long-Term Assets

Accounting for Liabilities

Accounting for Shareholders Equity

Preparing and Analyzing the Statement of Cash Flows

Quality of Earnings, corporate Governance, and Ifrs

Filters

Exam 10: Using Financial Statement Analysis to Evaluate Firm Performance

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 gross profit 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.Calculate the asset turnover ratio for 2010.

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 cost of goods sold would be represented as ________.

Firms must classify their investments in securities into one of three categories: held-to-maturity,trading,and available-for-sale.

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, 2011\bold{2011}2011 Sales would be represented as ________.

Team Shirts sold its surfboard operations for $125,000 and made a profit of $12,000 on the sale.This gain would be reported on the income statement as part of ________.

In vertical analysis,each item on an income statement is expressed as a percentage of sales.

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 horizontal analysis with 2010 as the base year, 2012\bold{2012}2012 gross profit 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,2010 income tax expense would be represented as ________.

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, 2011\bold{2011}2011 Net income would be represented as ________.

Extraordinary items need to be treated separately from regular business operations on the ________.

When a company disposes of a segment of a business,the resulting gain or loss on disposal is reported as part of ________.

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, 2011\bold{2011}2011 Operating expenses would be represented as ________.

Owning bonds as well as stocks is riskier than a large investment in a single company.

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,2011 income tax expense would be represented as ________.

Lee's Lions had to shut down its store in Houston.There was no buyer,so Lee's Lions sold the store equipment and closed out the business at a loss.This loss would be reported on the income statement as part of ________.

The following selected information is from Acme's annual report for the years ended December 31: -Refer to the Acme annual report above.What business event could explain the change in the inventory turnover ratio from 2011 to 2012?

The dividend per share divided by the market price per share is called ________.

Business: Whats It All About

Qualities of Accounting Information

Accruals and Deferrals: Timing Is Everything in Accounting

Payment for Goods and Services: Cash and Accounts Receivable

The Purchase and Sale of Inventory

Acquisition and Use of Long-Term Assets

Accounting for Liabilities

Accounting for Shareholders Equity

Preparing and Analyzing the Statement of Cash Flows

Quality of Earnings, corporate Governance, and Ifrs

Filters