Chapter 4 Quiz.pdf - My Subscriptions Courses ACC110:Spring 2018-Intro to Financial REporting Chapter 4 Chapter 4 Quiz Started on Thursday 15 February

Chapter 4 Quiz.pdf - My Subscriptions Courses ACC110:Spring...

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My Subscriptions / Courses / ACC110:Spring 2018-Intro to Financial REporting / Chapter 4 / Chapter 4 Quiz Started on Thursday, 15 February 2018, 8:16 PM State Finished Completed on Thursday, 15 February 2018, 8:23 PM Time taken 7 mins Marks 5.00/5.00 Grade 10.00 out of 10.00 ( 100 %) QUESTION 1 Correct Mark 1.00 out of 1.00 Which of the following is not reported on a classified balance sheet? Select one: Net income Current assets Long-term liabilities Stockholders’ equity The correct answer is: Net income QUESTION 2 Correct Mark 1.00 out of 1.00 A company has net income of $5,000, current assets of $10,000, total assets of $40,000, and current liabilities of $8,000. What is the company’s current ratio? Select one: 0.125 0.500 0.625 1.25 ($10,000/$8,000) The correct answer is: 1.25
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QUESTION 3 Correct Mark 1.00 out of 1.00 A company has current liabilities of $5,000, long-term liabilities of $10,000, and stockholders’ equity of $15,000. What is the company’s debt-to-total assets
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