In the analysis of profitability, if equity earnings are substantial, it is advisable to:
a. consider them as extraordinary.
b. consider them as nonrecurring.
c. investigate the earning power of the parent outside of the related investing activities.
d. recompute the debt ratio and times interest earned to remove the impact of equity earnings.
e. use the DuPont method to lessen the impact of equity earnings.
C
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If the price for a product increases, the demand for the complementary product will
A. become more inelastic. B. decrease. C. become more elastic. D. increase. E. stay the same.
___________is the type of automobile insurance where the negligence of the party who caused the accident is irrelevant for the purpose recovery of the innocent party's damages
Fill in the blank(s) with correct word
For Webster to understand how his company performed during calendar year 2012, he must begin with firm's financial position on:
A. January 1, 2012. B. July 1, 2013. C. September 30, 2010. D. June 30, 2011.
The entry to close an expense account requires a credit to the Income Summary account.
Answer the following statement true (T) or false (F)