Homework answers / question archive / Question 14 The statement, net income should reflect all items that affected the net increase or decrease in stockholders' equity during the period is consistent with which of the following concepts of income? Economic All inclusive Current operating performance Money Question 15 A measure of a company's profitability is the Current ratio Current cash debt coverage ratio Return on assets ratio Debt to total assets ratio Question 16 The calculation net income/sales is the formula for which of the following ratios Return on assets Profit margin Asset turnover Asset usage Question 17 The valuation basis used in conventional financial statements is Replacement cost Market value Original cost A mixture of costs and values Question 18 The calculation sales/average total assets is the formula for which of the following ratios Return on assets Profit margin Asset turnover Asset usage

Question 14 The statement, net income should reflect all items that affected the net increase or decrease in stockholders' equity during the period is consistent with which of the following concepts of income? Economic All inclusive Current operating performance Money Question 15 A measure of a company's profitability is the Current ratio Current cash debt coverage ratio Return on assets ratio Debt to total assets ratio Question 16 The calculation net income/sales is the formula for which of the following ratios Return on assets Profit margin Asset turnover Asset usage Question 17 The valuation basis used in conventional financial statements is Replacement cost Market value Original cost A mixture of costs and values Question 18 The calculation sales/average total assets is the formula for which of the following ratios Return on assets Profit margin Asset turnover Asset usage

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Question 14

The statement, net income should reflect all items that affected the net increase or decrease in stockholders' equity during the period is consistent with which of the following concepts of income?

Economic

All inclusive

Current operating performance

Money

Question 15

A measure of a company's profitability is the

Current ratio

Current cash debt coverage ratio

Return on assets ratio

Debt to total assets ratio

Question 16

The calculation net income/sales is the formula for which of the following ratios

Return on assets

Profit margin

Asset turnover

Asset usage

Question 17

The valuation basis used in conventional financial statements is

Replacement cost

Market value

Original cost

A mixture of costs and values

Question 18

The calculation sales/average total assets is the formula for which of the following ratios

Return on assets

Profit margin

Asset turnover

Asset usage