Which analysis deals with the percentage of changes

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Intro Acct Exam 7

Question 22   of 40 2.5 / 2.5 Points If current assets are $ 75,000 and current liabilities are $ 15,000 , the current ratio is __________.
A. 
B.  0.2:1
C.  0.5:1
D.  None of the above answers are correct .
Answer:  A.    5:1
Question 23   of 40 2.5 / 2.5 Points Which analysis deals with the percentage of changes in certain items over several years ?
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Question 24   of 40 0.0 / 2.5 Points The current ratio for a company with current assets of $ 70,000 , current liabilities of $ 50,000 , total assets of $ 150,000 , and net sales of $ 80,000 , would be __________.
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Question 25   of 40 2.5 / 2.5 Points To close the Withdrawals account __________.
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Question 26   of 40 2.5/ 2.5 Points Liquidity ratios measure __________.
 A. how effectively a company is using its equity
 B. how effectively a company is using its liabilities
 C. a company 's ability to pay shareholders
 
Answer:     D. a company 's ability to pay off short - term debts
Question 27   of 40 0.0/ 2.5 Points How do you close the expense accounts ?
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Question 28   of 40 2.5 / 2.5 Points Which of the following assets would not be classified as property , plant , and equipment ?
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Question 29   of 40 2.5 / 2.5 Points Closing entries are prepared __________.
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Question 30   of 40 2.5 / 2.5 Points The current ratio determines the ability of a company to __ _ _______.
 A. pay off all payables
 
 C. manage its ability to earn profit
 D. use it s equity
Answer:     B. pay off current payables
Question 32   of 40 2.5 / 2.5 Points The final step in the accounting cycle is __________.
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Question 33   of 40 2.5 / 2.5 Points Profitability ratios measure __________.
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Question 23 of 40 2.5/ 2.5 PointsWhich analysis deals with the percentage of changes in certain items over several years?
Question 24 of 40 0.0/ 2.5 PointsThe current ratio for a company with current assets of $70,000, current liabilities of $50,000, total assets of $150,000, and net sales of $80,000, would be __________.
Question 25 of 40 2.5/ 2.5 PointsTo close the Withdrawals account __________.
Question 26 of 40 2.5/ 2.5 PointsLiquidity ratios measure __________.A. how effectively a company is using its equity B. how effectively a company is using its liabilities C. a company's ability to pay shareholders D. a company's ability to pay off short-term debts
Question 27 of 40 0.0/ 2.5 PointsHow do you close the expense accounts?
Question 28 of 40 2.5/ 2.5 PointsWhich of the following assets would not be classified as property, plant, and equipment?
Question 29 of 40 2.5/ 2.5 PointsClosing entries are prepared __________.
Question 30 of 40 2.5/ 2.5 PointsThe current ratio determines the ability of a company to __________.A. pay off all payables B. pay off current payables C. manage its ability to earn profit D. use its equity
Question 31 of 40 2.5/ 2.5 PointsThe correct order for closing accounts is __________.
Question 32 of 40 2.5/ 2.5 PointsThe final step in the accounting cycle is __________.

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