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A comparison with other companies that provides insight into a
company's competitive position is most commonly known as which of
the following types of comparisons?
Question 16
Assume the following sales data for a company:
2015
2014
2013

$910,000
$770,000
700,000

If 2013 is the base year, what is the percentage increase in sales from
2013 to 2014?
Question 17
Laser Performance Inc. has the following information available
(amount in thousands).
Net Income
Average Total Liabilities
Average Current Liabilities
Cash Provided by Operations
Cash Sales
Capital Expenditures
Dividends Paid

$30,000
80,000
36,000
48,000
130,000
22,000
6,000

What is the current cash debt coverage?
Question 18
Which of the following income statement figures would probably be
the best indicator of a company‘s future performance?
Question 19
Which one of the following is not a benefit of budgeting?
Question 20