Homework answers / question archive / 6

6

Accounting

Share With

---

6.   The Current Ratio compares revenue to expense.

True
False

7.   The Inventory Turnover Ratio includes cost of goods sold.

True
False

8. The market value of land your company owns is reflected on which financial statement?

	A.	Income Statement
	B.	Balance Sheet
	C.	both of the above
	D.	none of the above

9. When calculating the Debt Ratio, a higher number is better.

True
False

10. _________ Accountants furnish information to individuals both inside and outside of the organization.

	A.	Management
	B.	Managerial
	C.	Financial
	D.	Supervisory