Quiz1

# Quiz1 - USER HOME Course Calendar COURSE HOME COMMUNICATE...

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USER HOME COURSE HOME COMMUNICATE STUDY RESOURCES LOGOUT Course Calendar : Course Syllabus : Course Grades :

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LUTHER SETZER Your test grade is 100 percent Professor's Comment: Excellent work. Keep it up! The professor has configured this test to allow students to review: Questions answered incorrectly. Questions answered correctly. Students answers. Correct answers. Question 1 - Multiple Choice ID: 4580826 Correct Question: Revenue may be recognized From the sale of a company's own common stock If a company trades inventory at its usual sale value for newspaper advertising If management believes the market value of land held for future development rises In 2008 from the sale of subscriptions of a magazine to be published in 2009 Question 2 - Multiple Choice ID: 4580794 Correct Question: A firm's net income is \$260,000 on sales of \$31.5 million. Average assets for the period were \$7 million. For the year Margin was 5%, turnover was 1.2, and ROI was 6% Margin was 6%, turnover was 1.5, and ROI was 6% Margin was 4%, turnover was 1.2, and ROI was 4.8% Margin was 1%, turnover was 4.5, and ROI was 3.7% Question 3 - Multiple Choice ID: 4580796 Correct Question: A current ratio of 6 is usually an indication that the firm Has a low degree of liquidity Has a reasonable degree of liquidity Has not made the most productive use of its assets Has made the most productive use of its assets
Question 4 - Multiple Choice ID: 4580837 Correct Question: If the P/E ratio of a company's common stock were 12, and its earnings were \$2.50 per common share The market value of the common stock would be \$20.83 per share The market value of the common stock would be \$25.00 per share An increase in earnings of \$0.20 per share, with no change in the multiple, would result in a market price increase of \$2.40 per share

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Quiz1 - USER HOME Course Calendar COURSE HOME COMMUNICATE...

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