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71 in a common size balance sheet the 100 figure is a total property plant and equip 4295172

 

 

71. In a common size balance sheet, the 100% figure is: 
A. total property, plant and equipment.
B. total current assets.
C. total liabilities.
D. total assets.

 

72. In a common size income statement, the 100% figure is:  
A. net cost of goods sold.
B. net income.
C. gross profit.
D. net sales.

 

73. Horizontal analysis is a technique for evaluating financial statement data 
A. for one period of time.
B. over a period of time.
C. on a certain date.
D. as it may appear in the future.

 

74. Horizontal analysis of comparative financial statements includes the 
A. development of common size statements.
B. calculation of liquidity ratios.
C. calculation of dollar amount changes and percentage changes from the previous to the current year.
D. the evaluation of each component in a financial statement to a total within the statement.

 

75. In horizontal analysis, each item is expressed as a percentage of the 
A. base year figure.
B. retained earnings figure.
C. total assets figure.
D. net income figure.

 

76. Assume the following sales data for a company:
 

 

2015

$1,287,000

 

2014

780,000

 

 

 

What is the percentage increase in sales from 2014 to 2015? 
A. 100%
B. 65%
C. 165%
D. 60.1%

 

77. In performing a vertical analysis, the base for cost of goods sold is 
A. total selling expenses.
B. net sales.
C. total expenses.
D. gross profit.

 

78. The ability of a business to pay its debts as they come due and to earn a reasonable amount of income is referred to as  
A. solvency and leverage
B. solvency and profitability
C. solvency and liquidity
D. solvency and equity

 

79. 

Accounts payable

$  40,000

Accounts receivable

65,000

Accrued liabilities

7,000

Cash

30,000

Intangible assets

40,000

Inventory

72,000

Long-term investments

110,000

Long-term liabilities

75,000

Marketable securities

36,000

Notes payable (short-term)

30,000

Property, plant, and equipment

625,000

Prepaid expenses

2,000

 

 

Based on the above data, what is the amount of quick assets? 
A. $205,000
B. $203,000
C. $131,000
D. $66,000

 

80. 

Accounts payable

$  40,000

Accounts receivable

65,000

Accrued liabilities

7,000

Cash

30,000

Intangible assets

40,000

Inventory

72,000

Long-term investments

110,000

Long-term liabilities

75,000

Marketable securities

36,000

Notes payable (short-term)

30,000

Property, plant, and equipment

625,000

Prepaid expenses

2,000

 

 

Based on the above data, what is the amount of working capital? 
A. $238,000
B. $128,000
C. $168,000
D. $203,000

 

 

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