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A company's net sales assets in year 1 were $300,000 and were $400,000 in year 5

Accounting

  1. A company's net sales assets in year 1 were $300,000 and were $400,000 in year 5. The company's total assets were $350,000 in year 1 and were $370,000 in year 5. What is the percent change in net sales and total assets over this period?
  2. A tool used to evaluate individual financial statement items or a group of items is called:
  3. Comparative financial statements show:
  4. Total Assets for a company are $700,000; Accounts Payable is $75,000; Bonds Payable is $225,000; Common Stock is $300,000 and Retained Earnings is $100,000. The common-size percent for Accounts Payable is:
  5. A pie chart graphic of a common-size income statement will show:
  6. All of the following are one of the building blocks of financial statement analysis except:

    -solvency
    -profitability
    -marketing prospects
    -liquidity
    -efficiency
  7. Liquidity is the availability of resources to pay ______ - term cash requirements
  8. A certain company has an acid test ratio of 0.97. This implies which of the following.
  9. Net sales are $525,000, beginning accounts receivable are $15,000 and ending accounts receivable are $20,000. The accounts receivable turnover is _____ times.
  10. Which of the following is not a solvency ratio?

    -Price earnings ratio
    -Equity ratio
    -Debt ratio
    -Debt-to-equity ratio
    -Times interest earned ratio

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