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Financial Accounting Ivy Software Exam Questions and Complete Solutions Graded A+. $13.49   Add to cart

Exam (elaborations)

Financial Accounting Ivy Software Exam Questions and Complete Solutions Graded A+.

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  • Course
  • CFIN Financial Accounting
  • Institution
  • CFIN Financial Accounting

Financial Accounting Ivy Software Exam Questions and Complete Solutions Graded A+.

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  • August 21, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CFIN Financial Accounting
  • CFIN Financial Accounting
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Financial Accounting Ivy
Software Exam Questions
and Complete Solutions
Graded A+

Denning [Date] [Course title]

,From a bankers perspective, the most important ratio on the customers financial statement is -
Answer: Current Ratio



Which of the following is an operating performance ratio?



Debt to total assets

Times interest earned

Payout ratio

Times interest earned and payout ratio

None - Answer: Times interest earned and Payout Ratio



Horizontal analysis compares the components of a balance sheet with a base item. T/F - Answer: False



Since companies have different numbers of shares outstanding, it is not useful to compare earnings per
share ratios. T/F - Answer: True



There are two ratios that help define the operating cycle. They are:



receivables and inventory turnover



receivables and accounts payable



inventory and accounts payable turnover



none of these - Answer: Receivables and accounts payable



The ratio that shows the markup in price over the cost of goods sold is



profit margins

, gross margin ratio

return on assets

asset turnover

none - Answer: Gross margin ratio



The ratio that shows how investors value the stock is



payout ratio

earnings per share

return on equity

return on assets

none - Answer: None



Financial strength ratios are utilized to help predict the long-run solvency of a company. T/F - Answer:
True



Ratio analysis is popular because ratios:



summarize important info



are useful in comparisons within a company over time



are useful in comparisons with other companies



all the above - Answer: All the above



ROE shows how much income was earned for every dollar invested by owners. T/F - Answer: True



A company's annual report is used primarily by the taxing authorities. T/F - Answer: True

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