x
Info
x
Warning
x
Danger
 / 
 / 
 / 
57.              A horizontal analysis performed a statement of retained earnings

Question : 57.              A horizontal analysis performed a statement of retained earnings : 1311994

 

 

57.              A horizontal analysis performed on a statement of retained earnings would not show a percentage change in

a.dividends paid.

b.net income.

c.expenses.

d.beginning retained earnings.

 

 

58.              Under which of the following cases may a percentage change be computed?

a.The trend of the balances is decreasing but all balances are positive.

b.There is no balance in the base year.

c.There is a positive balance in the base year and a negative balance in the subsequent year.

d.There is a negative balance in the base year and a positive balance in the subsequent year.

 

 

59.              Assume the following sales data for a company:

2014$945,000

2013877,500

2012650,000

If 2012 is the base year, what is the percentage increase in sales from 2012 to 2013?

a.24%

b.35%

c.76%

d.135%

 

 

60.              Assume the following cost of goods sold data for a company:

2014$1,680,000

20131,400,000

20121,200,000

If 2012 is the base year, what is the percentage increase in cost of goods sold from 2012 to 2014?

a.140%

b.40%

c.23%

d.17%

 

 

61.              Darius, Inc. has the following income statement (in millions):

DARIUS, INC.

Income Statement

For the Year Ended December 31, 2013

Net Sales$300

Cost of Goods Sold   120

Gross Profit  180

Operating Expenses    44

Net Income$136

 

MC 61.(Cont.)

 

Using vertical analysis, what percentage is assigned to Cost of Goods Sold?

a.30%

b.40%

c.100%

d.None of the above

 

 

62.              Darius, Inc. has the following income statement (in millions):

DARIUS, INC.

Income Statement

For the Year Ended December 31, 2013

Net Sales$300

Cost of Goods Sold   120

Gross Profit  180

Operating Expenses    44

Net Income$136

 

Using vertical analysis, what percentage is assigned to Net Income?

a.100%

b.75.6%

c.45.3%

d.None of the above

 

 

63.              Vertical analysis is also called

a.common size analysis.

b.horizontal analysis.

c.ratio analysis.

d.trend analysis.

 

 

64.              Vertical analysis is a technique which expresses each item within a financial statement

a.in dollars and cents.

b.in terms of a percentage of the item in the previous year.

c.in terms of a percent of a base amount.

d.starting with the highest value down to the lowest value.

 

 

65.              In common size analysis,

a.a base amount is required.

b.a base amount is optional.

c.the same base is used across all financial statements analyzed.

d.the results of the horizontal analysis are necessary inputs for performing the analysis.

 

 

66.              In performing a vertical analysis, the base for prepaid expenses is

a.total current assets.

b.total assets.

c.total liabilities and stockholders' equity.

d.prepaid expenses.

 

 

 

Solution
5 (1 Ratings )

Solved
Economics 1 Year Ago 32 Views
This Question has Been Answered!
Unlimited Access Free
Explore More than 2 Million+
  • Textbook Solutions
  • Flashcards
  • Homework Answers
  • Documents
Signup for Instant Access!
Ask an Expert
Our Experts can answer your tough homework and study questions
119307 Economics Questions Answered!
Post a Question