1. Question: Which of the following financial statements provides information about economic resources and claims on those resources?

    A
    Income Statement

    B
    Balance Sheet

    C
    Statement of Cash Flows

    D
    All of these

    Note: Not available
    1. Report
  2. Question: The _______________ reports the net cash flows relating to operating, investing, and financing activities for a particular period of time.

    A
    Retained Earnings Statement

    B
    Balance Sheet

    C
    Income Statement

    D
    Cash Flow Statement

    Note: Answer not sure
    1. Report
  3. Question: The ____________ is the excess of revenues over expenses for a particular period.

    A
    Net Income

    B
    Net Loss

    C
    Cash Inflow

    D
    Change in Assets

    Note: Answer not sure
    1. Report
  4. Question: Which of the following financial statements provides information about inflows and outflows of cash?

    A
    Income Statement

    B
    Balance Sheet

    C
    Statement of Cash Flows

    D
    All of these

    Note: Answer not sure
    1. Report
  5. Question: The _______________ is a measure of a firm's ability to control the level of costs, or expenses, relative to sales.

    A
    Asset Turnover

    B
    Profit Margin Ratio

    C
    Times Interest Earned

    D
    Inventory Turnover

    Note: Answer not sure
    1. Report
  6. Question: The _______________ provides a measure of the sales generated for each dollar invested in fixed assets.

    A
    Inventory Turnove

    B
    Cash Flow

    C
    Fixed Asset Turnover Ratio

    D
    Gross Income

    Note: Answer not sure
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  7. Question: Comparisons of a given firm's ratios with those of other firms for a particular period is referred to as ____________________.

    A
    Times-Series Analysis

    B
    Defensive Interval Analysis

    C
    Cross-Section Analysis

    D
    None of these

    Note: Answer not sure
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  8. Question: The ______________ is computed by dividing net income attributable to common stock by the average number of common shares outstanding during the period.

    A
    Quick Ratio

    B
    Asset Turnover

    C
    Earnings Per Share

    D
    Retained Earnings

    Note: Answer not sure
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  9. Question: If a company's rate of return on assets is 20 percent and the profit margin percentage is 5 percent, the company's total assets turnover must be which of the following?

    A
    1

    B
    4

    C
    5

    D
    20

    Note: Answer not sure
    1. Report
  10. Question: During the year, XYZ Company sold one of its warehouses for $250,000 cash. This transaction is an example of which of the following?

    A
    An investing activity

    B
    A financing activity

    C
    An operating activity

    D
    None of these

    Note: Answer not sure
    1. Report
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