ACCT 504 help A Guide to career/uophelp.com ACCT 504 help A Guide to career/uophelp.com | Page 17

8. (TCO C) Accounts receivable arising from sales to customers
amounted to $35,000 and $40,000 at the beginning and end of the year,
respectively. Income reported on the income statement for the year was
$120,000. Exclusive of the effect of other adjustments, the cash flows
from operating activities to be reported on the statement of cash flows
is_____. (Points : 5)
$120,000
$125,000
$155,000
$115,000
9. (TCO F) One variation of the horizontal analysis is known as _____.
(Points : 5)
nonlinear analysis
vertical analysis
trend analysis
common-size analysis
10. (TCO F) In a common-size balance sheet, the 100% figure is _____.
(Points : 5)
total current assets
total property, plant, and equipment
total liabilities
total assets
11. (TCO F) In vertical analysis, the base amount for studying salary and
wages expense is generally _____. (Points : 5)
net sales
salary and wages expense in a previous year
gross profit
net income
12. (TCO F) A common measure of profitability is the _____. (Points : 5)
current ratio
current cash debt coverage ratio
return on common stockholder's equity ratio
debt to total assets
13. (TCO F) Return-on-assets ratio is most closely related to _____.
(Points : 5)