QUIZ 2 Answer Key Engr 111 Fall 2011

QUIZ 2 Answer Key Engr 111 Fall 2011 - ENGR 111, Fall 2011...

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ENGR 111, Fall 2011 October 10, 2011 QUIZ 2 ANSWER KEY 1. Projected future financial statements are called: A. plug statements. B. pro forma statements. C. reconciled statements. D. aggregated statements. E. none of the above 2. A _____ standardizes items on the income statement and balance sheet as a percentage of total sales and total assets, respectively. A. tax reconciliation statement B. statement of standardization C. statement of cash flows D. common-base year statement E. common-size statement 3. Relationships determined from a firm's financial information and used for comparison purposes are known as: A. financial ratios. B. comparison statements. C. dimensional analysis. D. scenario analysis. E. solvency analysis. 4. Financial ratios that measure a firm's ability to pay its bills over the short run without undue stress are known as _____ ratios. A. asset management B. long-term solvency C. short-term solvency D. profitability E. market value 5. Ratios that measure a firm's financial leverage are known as _____ ratios.
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QUIZ 2 Answer Key Engr 111 Fall 2011 - ENGR 111, Fall 2011...

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