quiz 1 - View Attempt 1 of 1 Title: Quiz 1 Started: May 17,...

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Unformatted text preview: View Attempt 1 of 1 Title: Quiz 1 Started: May 17, 2010 10:50 PM Submitted: May 17, 2010 11:23 PM Time spent: 00:33:35 Total score: 80/100 = 80% Total score adjusted by 0.0 Maximum possible score: 100 Done 1. For a firm that presently has a current ratio of 2.0, the effect on this ratio of paying a current liability is: Student Response Value Correct Answer A. Raises the current ratio. 100% B. Lowers the current ratio. C. Doesn't affect the current ratio. D. Depends on the amount paid. Score: 10/10 2. At the end of the year, retained earnings totaled $1,700. During the year, net income was $250, and dividends of $120 were declared and paid. Retained earnings at the beginning of the year totaled: Student Response Value Correct Answer A. $2,070 B. $1,330 C. $1,230 D. $1,570 100% Score: 10/10 3. Which of the following accounts is part of working capital? Student Response Value Correct Answer A. Retained Earnings B. Sales C. Merchandise Inventory 100% D. Common Stock Score: 10/10 4....
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This note was uploaded on 07/19/2010 for the course FIN 563 taught by Professor Johnson during the Spring '10 term at Brandeis.

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quiz 1 - View Attempt 1 of 1 Title: Quiz 1 Started: May 17,...

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