FinMan10e_BTest_ch15

FinMan10e_BTest_ch15 - 10th Edition FINANCIAL &...

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Unformatted text preview: 10th Edition FINANCIAL & MANAGERIAL ACCOUNTING CORPORATE FINANCIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 15B Score % Name Course Section NOTE: Each of the 25 correct answers is assigned a weight of 4%. FILL-IN-THE-BLANKPRINCIPLES AND TERMINOLOGYSTATEMENT ANALYSIS60% B TEST 15B (Concluded) INSTRUCTIONS: Complete each of the following statements by writing the appropriate words or amounts in the Answers column. For Scoring Answers 0. The percent of change in property, plant, and equipment between two balance sheet dates is an example of (type of analysis) ....................... horizontal analysis 0. ____ 12. Three types of retail stores are being compared: (a) mens clothing, (b) grocery supermarket, and (c) home appliances. 1. The type with the highest inventory turnover is most likely to be the .... 1. ____ 2. The type with the highest ratio of net sales to assets is most likely to be the ..................................................................................................... 2. ____ 3. The ratio of the sum of cash, receivables, and marketable securities to current liabilities is called the ............................................................. 3. ____ 4. The ratio computed by dividing current assets by current liabilities is the .......................................................................................................... 4. ____ 5. The sum of cash, receivables, and marketable securities is sometimes called ................................................................................... 5. ____ 6. The ability of a business to earn profits is called ................................... 6. ____ 7. If the acid-test ratio is 1.25, the receipt of cash from the sale of TEST 15B (Concluded) marketable securities at their book value will cause the ratio to (increase, decrease, or not be affected) ................................................ 7. ____ 8. A slowdown in the collection of receivables will tend to cause the accounts receivable turnover to (increase or decrease) ....................... 8. ____ 9. If the price-earnings ratio was 18 and the market price was $78 per common share at the end of the current year, the earnings per common share for the current year was ................................................common share for the current year was ....
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FinMan10e_BTest_ch15 - 10th Edition FINANCIAL &...

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