Financial Statement, Finance And Accounting

Question: A creditor's claim on the resources of the company is called ____________.
A
an asset

B
cash

C
equity

D
a liability

Note: Answer not sure
1. Report
Question: The ________________ indicates the number of times that the average inventory has been sold during a particular period.
A
Asset Utilization Ratio

B
Debt Equity Ratio

C
Inventory Turnover Ratio

D
Accounts Receivable Turnover

Note: Answer not sure
1. Report
Question: Which of the following ratios provides a measure of the sales generated for each dollar invested in assets?
A
Total Assets Turnover Ratio

B
Inventory Turnover Ratio

C
Return on Equity

D
Debt to Equity Ratio

Note: Answer not sure
1. Report
Question: Which of the following transactions does NOT result in an outflow of cash?
A
Purchase of a tract of land

B
Payment of dividends to shareholders

C
Reacquisition of some of the company's common stock

D
Issuance of long-term debt

Note: Answer not sure
1. Report
Question: In the _____________, earnings per share amount are compared with the market price of the stock.
A
Quick Ratio

B
Pricing Earnings Ratio

C
Current Ratio

D
Accounts Payable Turnover Ratio

Note: Answer not sure
1. Report
Question: In computing the rate of return on common shareholders' equity, do dividends on preferred stock have to be added to net income?
A
Yes

B
No

C
Depends on whether the company is public or private

D
More information is needed

Note: Answer not sure
1. Report
Question: The _______________ is the financial statement that presents the results of earnings activity over time.
A
Balance Sheet

B
Income Statement

C
Cash Flow Statement

D
Retained Earnings Statement

Note: Answer not sure
1. Report
Question: Which of the following ratios would probably NOT be used to analyze the Total Assets Turnover Ratio?
A
Fixed Asset Turnover

B
Accounts Receivable Turnover

C
Inventory Turnover

D
Long-Term Debt Ratio

Note: Answer not sure
1. Report
Question: XYZ Company's retained earnings increased by $100,000 during the year. Also during the year, dividends totaling $22,500 were declared and paid to shareholders. What was XYZ Company's net income for the year?
A
$22,500

B
$77,500

C
$100,000

D
$122,500

Note: Answer not sure
1. Report
Question: The _____________ considers the availability of liquid assets to cover various levels of debt. For a financially healthy firm, the ratio should be 20 percent or more.
A
Current Ratio

B
Quick Ratio

C
Cash Flow from Operations to Total Liabilities Ratio

D
Inventory Turnover

Note: Answer not sure
1. Report

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Question: A creditor's claim on the resources of the company is called ____________.

Question: The ________________ indicates the number of times that the average inventory has been sold during a particular period.

Question: Which of the following ratios provides a measure of the sales generated for each dollar invested in assets?

Question: Which of the following transactions does NOT result in an outflow of cash?

Question: In the _____________, earnings per share amount are compared with the market price of the stock.

Question: In computing the rate of return on common shareholders' equity, do dividends on preferred stock have to be added to net income?

Question: The _______________ is the financial statement that presents the results of earnings activity over time.

Question: Which of the following ratios would probably NOT be used to analyze the Total Assets Turnover Ratio?

Question: XYZ Company's retained earnings increased by $100,000 during the year. Also during the year, dividends totaling $22,500 were declared and paid to shareholders. What was XYZ Company's net income for the year?

Question: The _____________ considers the availability of liquid assets to cover various levels of debt. For a financially healthy firm, the ratio should be 20 percent or more.