Uop Acc 561 Week 2 Quiz

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1. The relationship between current assets and current liabilities is important in evaluating a company's
• market value.
• solvency.
• profitability.
• liquidity.

2. Which of the following is a measure of liquidity?
• Debt to equity ratio
• Profit margin
• Working capital
• Earnings per shar

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3. Current assets divided by current liabilities is known as the
• capital structure.
• working capital
• current ratio.
• profit margin.

4. Danner Corporation reported net sales of $600,000, $680,000, and $800,000 in the years 2011, 2012, and 2013, respectively. If 2011 is the base year, what percentage do 2013 sales represent of the base?
• 33%
• 133%
• 75%
• 113%

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5 .An analyzing financial statements, horizontal analysis is a
• theory.
• requirement.
• tool.
• principle.

6. Comparative balance sheets
• are usually prepared for at least one year.
• are usually prepared for at least two years.
• do not show both dollar amount and percentage changes.
• do not show a comparison of total stockholders' equity.

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7. Assume the following cost of goods sold data for a company:
2013 $1,500,000
2012 1,200,000
2011 1,000,000
If 2011 is the base year, what is the percentage increase in cost of goods sold from 2011 to 2013?
• 50%
• 67%
• 150%
• 20%

8. Comparisons of data within a company are an example of the following comparative basis:
• Intercompany.
• Interregional.
• Industry averages.
• Intracompany.

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9. The following schedule is a display of what type of analysis? Amount Percent
Current assets $100,000 25%
Property, plant, and equipment 300,000 75%
Total assets $400,000 100%…...

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