Multiple Choice
Use the following information for questions.
Nelly Inc. reported net credit sales of $24,000,000 and cost of goods sold of $18,000,000 for the year. The average inventory for the year was $6,000,000.
-Which one of the following would not be considered a liquidity ratio?
A) current ratio
B) inventory turnover ratio
C) receivables turnover ratio
D) return on assets ratio
Correct Answer:
Verified
Correct Answer:
Verified
Q25: A common measure of liquidity is<br>A) return
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Q28: Vertical analysis<br>A) is a technique for evaluating
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Q33: Horizontal analysis is a technique for evaluating
Q33: In vertical analysis<br>A) a base amount is
Q34: Use the following information for questions.<br>Nelly Inc.
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Q141: Comparisons of company data with industry averages
Q151: The current ratio is<br>A) calculated by dividing