The quick ratio (acid test) excludes which current asset? a) Inventory b) Accounts receivable c) Cash d) Marketable securities
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- What does mean "Marketable securities" in the current asset of a balance sheet?Indicate the effect of the transactions listed in the following table on total current assets, current ration, and net income. Use (+) to indicate an increase, (-) to indicate a decrease, and (0) to indicate either no effect or an indeterminate effect. Be prepared to state any necessary assumptions and assume an initial current ratio of more than 1.0. Marketable securities are sold below cost.True or False: The classified balance sheet will reflect accounts receivables at net realizable value; fixed assets at net book value; and short term investments (trading securities/common stock) at their fair value/market value. O True O False
- Which of the following is not an element of the financial statements?A. future potential sales price of inventoryB. assetsC. liabilitiesD. equityWhich of these are not the method of financial statement analysis a. Ratio Analysis b. Comparative Analysis c. Trend Analysis d. Capitalisation MethodWhich of the following is an idicator of financial risk ? a) Net Sales / Total Assets b) Total Liabilities / Equity c) Return on Assets d) Return on Equity
- How do you decide the liquidity order (what asset come before the other...expenses vs prepaid vs inventory) of current assets?Which of the following ratios is most useful in evaluating liquidity? ed d out of g ion • A. Return on assets. O B. Debt to equity ratio. C. Return on equity/capital O D. Current ratio.choose the correct answer: Equity security acquired for trading should be measured at reporting date a. cost, being the purchase price b. cost, being the purchase price plus transaction costs c. fair value, with change in FV taken through profit or loss. d. fair value, with change in FV taken through other comprehensive income.
- For which of the following balance sheet items will the book value and market value most likely be closest at the time the balance sheet is prepared? Select one: O a. Short-term debt O b. Net fixed assets O c. Long-term debt O d. Common stock O e. Retained earningsExpressing accounts receivable as a percentage of total assets is an example ofa. ratio analysis.b. vertical analysis.c. horizontal analysis.d. trend analysis.Dividing quick assets by current liabilities is the calculation for the a.ratio of liabilities to stockholders' equity. b.acid-test ratio. c.current ratio. d.return on investment.
