A standardizes items on the income statement and balance sheet as a percentage

A standardizes items on the income statement and

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65.A _____ standardizes items on the income statement and balance sheet as a percentage of total sales and total assets, respectively. LO1: Common-Size StatementsLevel: BasicRoss - Chapter 003 #65Type: Definitions66.A _____ standardizes items on the income statement and balance sheet relative to their values as of a common point in time. LO1: Common-Base Year StatementsLevel: BasicRoss - Chapter 003 #66Type: Definitions67.Relationships determined from a firm's financial information and used for comparison purposes are known as: LO2: Financial RatiosLevel: BasicRoss - Chapter 003 #67Type: Definitions68.Financial ratios that measure a firm's ability to pay its bills over the short run without undue stress are known as _____ ratios. LO2: Short-Term Solvency RatiosLevel: BasicRoss - Chapter 003 #68Type: Definitions69.The current ratio is measured as: LO2: Current RatioLevel: BasicRoss - Chapter 003 #69Type: Definitions
70.The quick ratio is measured as: LO2: Quick RatioLevel: BasicRoss - Chapter 003 #70Type: Definitions71.The cash ratio is measured as: LO2: Cash RatioLevel: BasicRoss - Chapter 003 #71Type: Definitions

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