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ACC 560 Week 11 Quiz 8 (Chapter 14)
Question 1
Horizontal analysis evaluates a series of financial statement data over
a period of time
Question 2
Ale Corporation had net income of $240,000 and paid dividends to
common stockholders of $40,000 in 2017. The weighted average
number of shares outstanding in 2017 was 60,000 shares. Ale
Corporation's common stock is selling for $76 per share on the New
York Stock Exchange. Ale Corporation's price-earnings ratio is
Question 3
Blaney Clothing Store had a balance in the Accounts Receivable
account of $437,500 at the beginning of the year and a balance of
$500,000 at the end of the year. Net credit sales during the year
amounted to $3,000,000. The average collection period of the
receivables in terms of days was
Question 4
In analyzing the financial statements of a company, a single item on
the financial statements
Question 5
Comparisons of financial data made within a company are called
Question 6
Assume the following sales data for a company: