for common and preferred stock. only for common stock. 9- Multiple Choice Question 171 The acid-test ratio is also known as the current ratio. fast ratio. quick ratio. times interest earned ratio 10- Multiple Choice Question 70
In performing a vertical analysis, the base for sales revenues on the income statement is
net income. cost of goods available for sale. net sales. sales. 11- Multiple Choice Question 162
The order of presentation of nontypical items that may appear on the income statement is