Which of the following is considered a liquidity analysis tool?
a. gross profit ratio
b. acid-test ratio
c. dividend yield ratio
d. return on assets ratio
b
You might also like to view...
For each of the following independent statements, choose the best answer.
A. The entity’s management generally is directed by the controlling document as to the date of the entity’s termination. B. The entity was created by either a decedent or a living person. C. The entity is entitled to a personal exemption of $600. D. A decedent created the entity. E. The entity typically can choose any fiscal tax year. F. The entity has a legal identity separate from its beneficiaries. G. The entity must file an income tax return if its gross income for the year is $600 or more. H. The entity can choose between the cash and accrual methods of reporting its income and deductions. I. Undistributed income is subject to the additional tax on net investment income. J. Distributable net income is used to account for the entity's distributions to its beneficiaries. K. For a calendar year entity, the Form 1041 has an unextended due date of April 15. L. The entity’s AMT preferences and adjustments pass through to the income beneficiaries. M. The entity is controlled by Federal-level probate laws. N. The entity is an information-reporting, not a tax-paying, taxpayer.
Shaw Corporation has developed the following flexible budget formula for annual indirect labor cost: Total costs = $9,600 + $0.50 per machine hour Operating budgets for the current month are based upon 30,00 . hours of planned machine time. Indirect labor costs included in this planning budget are:
a. $15,800. b. $15,000. c. $24,600. d. $2,460.
An alternative name for Bad Debts Expense is
A) Collection Expense. B) Credit Loss Expense. C) Uncollectible Accounts Expense. D) Deadbeat Expense.
A retailer with a less-than-average profit margin could seek to increase its profit margin by _____
a. reducing its operating expenses b. increasing its asset turnover c. increasing its financial leverage d. increasing its inventory turnover