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Sample+test+-+key - b. 5000 + 6000 6000 = 5000 c. 500 +...

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ACCT 2101 Key to sample exam I. Multiple choice 1 C 2 A 3 B 4 B 5 B 6 A 7 B 8 C 9 D 10 B II. Matching 1) 1 B 2 D 3 E 2) 1 G 2 E 3 A 4 E 5 D 6 E 7 C 8 H 9 H 10 A 11 F 12 E 13 D 14 A 15 F 16 H 17 C 18 G III. Ratio analysis 1) 1. 525000 / 150000 = 3.5 2. (150000+400000)/1375000 = 0.4 3. 525000 – 150000 = 375000 4. 150000/10000 = 15 2) a. 16000 – 10000 = 6000
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Unformatted text preview: b. 5000 + 6000 6000 = 5000 c. 500 + 4000 + 15000 + 7500 = 27000 IV. Financial statements Caltor Company Income Statement For the year ended Dec. 31, 2007 Revenues Net sales $ 1279000 Expenses Cost of sales $ 710000 Administrative expenses 239000 Interest expenses 68000 Selling expenses 45000 1062000 Net income 217000...
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