(Solution) -ACC 205 Week 5 Chapter 9 Quiz and Video Quiz Updated
Academic Level: Undergrad. (yrs 3-4)
Paper Format: APA
ACC 205 Week 5 Chapter 9 Quiz and Video Quiz
Question 1. 1. Common-size financial statements means___________________.
Question 2. 2. Vertical analysis of a financial statement involves_______________.
Question 3. 3. Horizontal analysis of a financial statement involves______________.
Question 4. 4. Which of the following would not be considered a liquidity ratio?
Question 5. 5. Which of the following would not be considered a debt service ratio?
Question 6. 6. Turnover analysis indicates______________.
Question 7. 7. Gross profit margin_________________.
Question 8. 8. Earnings per share (EPS) is considered to be________________.
Question 9. 9. Dividend yield is determined by___________________________.
Question 10. 10. Book value per share___________________.
1. The current ratio is considered a liquidity ratio.
Question 2. 2. The Quick Ratio equals current assets divided by current liabilities.
Question 3. 3. Debt service ratios determine a firm’s available cash flow to meet operating expenses.
Question 4. 4. When performing a vertical analysis on a firms Income statement each financial figure is listed as a percentage of Cost of Goods Sold.
Question 5. 5. Ratio analysis is a preferred method of analyzing a firm’s financial position because a firm cannot manipulate financial information that would impact the value of the ratios.