FinMan10e_ATest_ch15 - 10th Edition FINANCIAL MANAGERIAL...

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10th Edition FINANCIAL & MANAGERIAL ACCOUNTING CORPORATE FINANCIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 15A Score % Name Course Section NOTE: Each of the 25 correct answers is assigned a weight of 4%. A
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TEST 15A (Concluded) FILL-IN-THE-BLANK—PRINCIPLES AND TERMINOLOGY—STATEMENT ANALYSIS—60% INSTRUCTIONS: Complete each of the following statements by writing the appropriate words or amounts in the Answers column. For Scoring STATEMENTS Answers 0. The percent of current assets to total assets is an example of (type of analysis) ............................................................................................. vertical analysis 0. ____ 1. The net income was $10 per common share for 2009. At the beginning of 2010, the number of shares outstanding was increased
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because of a 3-for-1 stock split. The earnings per share for 2009, adjusted to place it on a comparable basis with 2010, is ...................... $ 1. ____ 2–3. A company with working capital of $750,000 and a current ratio of 2 pays a $50,000 short-term liability. 2. The amount of working capital immediately after the payment is ......... $ 2. ____ 3. The current ratio immediately after the payment is ............................... 3. ____ 4. If the quick ratio is 1.0, the receipt of cash from the sale of marketable
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