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$525,000
$125,000
8-
Multiple Choice Question 112
Earnings per share is calculated
only for preferred stock.
only for treasury stock.
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.