Five Financial Statements - CORRECT ANSWER 1. Income Statement
2. Retained Earnings Statement
3. Statement of Financial Position
4. Statement of Cash Flows
5. Comprehensive Income Statement
Change since base period - CORRECT ANSWER (current year amount - base year amount) / base year
amount
Current Results in Relation to Base Period - CORRECT ANSWER current year amount / base year amount
Current Ratio - CORRECT ANSWER Current Assets / Current Liabilities
Working Capital - CORRECT ANSWER current assets - current liabilities
Acid-Test Ratio (Quick Ratio) - CORRECT ANSWER (Cash + Short-Term Investments + Accounts Receivable
(Net)) / Current Liabilities
Accounts Receivable Turnover - CORRECT ANSWER Net Credit Sales / Average Net Accounts Receivable
Average Collection Period - CORRECT ANSWER 365 / Accounts Receivable Turnover
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