Correct mark 1000 out of 1000 flag question question

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Question 8CorrectMark 10.00 out of 10.00Flag questionQuestion textBenson Company shows the following data on its 2014 financial statements: Accounts receivable, January 1 $720,000; Accounts receivable, December 31 960,000; Merchandise inventory, January 1 900,000; Merchandise inventory, December 31 1,020,000; Gross sales 4,800,000; Sales returns and allowances 180,000; Net sales 4,620,000; Cost of goods sold 3,360,000; Income before interest and taxes 720,000; Interest on bonds 192,000; Net income 384,000; The times interest earned ratio is:Select one:a. 2.00 times per year.b. 4.75 times per year.c. 3.75 times per year. CorrectCorrect. Income before interest and taxes, $720,000; Interest on bonds, 192,000; Times interest earned ratio: $720,000/$192,000 = 3.75 times.d. 3.00 times per year.FeedbackThe correct answer is: 3.75 times per year.
Question 9CorrectMark 10.00 out of 10.00Flag questionQuestion textThe working capital of a company is equal to:
Question 10CorrectMark 10.00 out of 10.00Flag questionQuestion textThe gross profit percentage decreased from 36.5% in 2014 to 24.8% in 2015. What is the trend in this change?
Question 11CorrectMark 6.00 out of 6.00Flag questionQuestion text(T / F) A company that is quite profitable may find it difficult to pay its accounts payable if a large portion of itssales are made on accounts receivable.
items or totals. Use of this analysis helps detect changes in a company's performance and highlights trends.Select one:True CorrectFalse
FeedbackCorrect.Question 2CorrectMark 1.00 out of 1.00Flag questionQuestion text(T / F) Vertical analysis consists of a study of a single financial statement in which each item is expressed as a percentage of a significant total.
FeedbackCorrect.

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