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Multiple Choice Question 171
The acid-test ratio is also known as the
current ratio.
fast ratio.
quick ratio.
times interest earned ratio
10Multiple 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.
11Multiple Choice Question 162
The order of presentation of nontypical items that may appear on the
income statement is
Other revenues and expenses, Extraordinary items, Discontinued
operations.
Extraordinary items, Discontinued operations, Other revenues and
expenses.