A 499 Unit 4 Quiz

Topics: Balance sheet, Generally Accepted Accounting Principles, Asset Pages: 3 (338 words) Published: January 11, 2013
Unit 4 : Unit 4: Financial Reports: Evaluate financial reports - Practice Quiz

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1. The percentage of change in Property, Plant & Equipment (PP&E) between two balance sheet dates is an example of (Points : 1) |        vertical analysis.
       solvency analysis.
       profitability analysis.
       horizontal analysis.
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2. The percent of Current to Total Liabilities is an example of (Points : 1) |        vertical analysis.
       solvency analysis.
       profitability analysis.
       horizontal analysis.
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3. The number computed by subtracting current liabilities from current assets is: (Points : 1) |        working capital.
       Net Income.
       the Current Ratio.
       gross income.
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4. Which of the following is a measure of the liquid position of a corporation? (Points : 1) |        Earnings per share
       Inventory turnover
       Quick ratio
       Number of times interest charges earned
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5. Which of the following is included in the computation of the quick ratio? (Points : 1) |        Prepaid rent
       Marketable securities
       Inventory
       Supplies
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6. Which of the following is NOT included in the computation of the quick ratio? (Points : 1) |        Patents
       Marketable securities
       Accounts receivable
       Cash
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7. Which of the following ratios does NOT measure liquidity? (Points : 1) |        Inventory Turnover ratio
       Working capital to total assets
       Current ratio
       Quick ratio
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8. Which of the following ratios does NOT measure efficiency or activity of an entity? (Points : 1) |        Accounts receivable turnover
       Age of accounts receivable
       Net cash flow to current liabilities
       EPS
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9. The inventory turnover ratio (Points : 1) |
       measures management’s ability to productively employ all of its resources.       ...
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