Description
Devry ACCT 212 Week 7 Quiz Latest (all correct answers)
Question 1
3 / 3 pts
(TCO 1) Horizontal analysis is most closely related to
trend analysis.
economic value added analysis.
vertical analysis.
benchmarking.
Question 2
3 / 3 pts
(TCO 1) Horizontal analysis is performed on
only the income statement.
only the balance sheet.
only the statement of retained earnings
the income statement, the balance sheet, and the statement of retained earnings.
Question 3
3 / 3 pts
(TCO 1) A vertical analysis is primarily concerned with
the dollar amount of the change in various financial statement amounts from year to year.
individual financial statement items expressed as a percentage of a base (which represents 100%).
percentage changes in the balances shown in comparative financial statements.
the change in key financial statement ratios over a specified period of time.
Question 4
3 / 3 pts
(TCO 1) A financial statement item expressed as a percentage of a base amount is a result of
horizontal analysis.
ratio analysis.
vertical analysis.
comparative analysis.
Question 5
3 / 3 pts
(TCO 1) On a common-size balance sheet each item is expressed as a percentage of
current assets.
operating income.
total assets.
net income.
Question 6
3 / 3 pts
(TCO 1) Benchmarking financial statements represents a form of
horizontal analysis.
vertical analysis.
gross profit analysis.
trend analysis.
Question 7
3 / 3 pts
(TCO 1) Analyzing the statement of cash flows may help analysts determine the financial health of a company. Which of the following signs below is a not indicator of a financially healthy company?
The company’s operations are a major source (not a use) of cash.
The company’s operations are a major use (not a source) of cash.
The company’s investing activities include more purchases than sales of long-term assets.
The company’s financing activities are not dominated by borrowing.
Question 8
3 / 3 pts
(TCO 1) On a statement of cash flows, which is considered an operating activity?
Sale of securities
Purchase of fixed assets
Purchase of securities
Depreciation
Question 9
3 / 3 pts
(TCO 1) The ratio that provides an estimate of the number of days, on average, that it takes for customers to pay their account is the
days’ sales in receivables
current ratio.
accounts receivable turnover.
acid-test ratio.
Question 10
3 / 3 pts
(TCO 1) Which of the following combines the concepts of accounting income and corporate finance to measure whether the company’s operations have increased stockholder wealth?
Gross profit margin
Earnings per share
Economic value added
Price/earnings ratio
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Devry ACCT 212 Week 7 Quiz Latest (all correct answers)
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