LLS6e Ch 14 MC Quizzes

LLS6e Ch 14 MC Quizzes - Libby/Libby/Short6e 1 ,whichare A...

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Libby/Libby/Short 6e Chapter 14 – Multiple-Choice Quizzes 1 Businesses can earn a high rate of return by following two fundamental strategies, which are A) product differentiation and cost advantage. B) product differentiation and cash management. C) cost advantage and efficient markets. D) cost advantage and industry factors.   Answer A 2 Tests of profitability usually include which one of the following in the measurement? A) owners' equity B) average total assets C) income D) cash flows from operating activities   Answer C 3 Consider the following information: Net sales revenue $1,850,000 Income $180,000 Interest expense $12,000 Income tax expense $30,000 Beginning common shares  outstanding 450,000 Ending common shares outstanding 470,000 Income before extraordinary items $340,000 Compute the  earnings per share  to the nearest cent. A)
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LLS6e Ch 14 MC Quizzes - Libby/Libby/Short6e 1 ,whichare A...

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