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BUS333 Week 3 Homework Answers

BUS333 Week 3 Homework Answers - Chapter 03 Working with...

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Chapter 03 - Working with Financial Statements 1. A common-size income statement is an accounting statement that expresses all of a firm's expenses as percentage of: A. total assets. B. total equity. C. net income. D. taxable income. E. sales. 2. The formula which breaks down the return on equity into three component parts is referred to as which one of the following? 3. Which one of the following is a source of cash? 4. Which one of the following is a source of cash? 5. On the Statement of Cash Flows, which of the following are considered financing activities? I. increase in long-term debt II. decrease in accounts payable III. interest paid IV. dividends paid A. I and IV only B. III and IV only C. II and III only D. I, III, and IV only E. I, II, III, and IV 3-1
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Chapter 03 - Working with Financial Statements 6. According to the Statement of Cash Flows, a decrease in accounts receivable will _____ the cash flow from _____ activities.
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