A firm uses 2008 as the base year for its financial statements. The common-size, base-year statement for 2009 has an inventory value of 1.08. This is interpreted to mean that the 2009 inventory is equal to 108 percent of which one of the following?
Multiple Choice Quizzes with Answer in English (Page: 389)
On a common-base year financial statement, accounts receivables will be expressed relative to which one of the following?
On a common-size balance sheet all accounts are expressed as a percentage of:
According to the Statement of Cash Flows, an increase in interest expense will ____ the cash flow from ____ activities.
According to the Statement of Cash Flows, a decrease in accounts receivable will _____ the cash flow from _____ activities.
Which one of the following is a source of cash?
Which one of the following is a source of cash?
Which one of the following is a use of cash?
Which one of the following is a source of cash?
The U.S. government coding system that classifies a firm by the nature of its business operations is known as the:
The formula which breaks down the return on equity into three component parts is referred to as which one of the following?
Relationships determined from a firm’s financial information and used for comparison purposes are known as:
Which one of the following standardizes items on the income statement and balance sheet relative to their values as of a common point in time?
A common-size income statement is an accounting statement that expresses all of a firm’s expenses as percentage of:
The sources and uses of cash over a stated period of time are reflected on the:
Activities of a firm which require the spending of cash are known as:
During 2009, RIT Corp. had sales of $565,600. Costs of goods sold, administrative and selling expenses, and depreciation expenses were $476,000, $58,800, and $58,800, respectively. In addition, the company had an interest expense of $112,000 and a tax rate of 32 percent. What is the operating cash flow for 2009? Ignore any tax loss carry-back or carry-forward provisions.
Dee Dee’s Marina is obligated to pay its creditors $6,400 today. The firm’s assets have a current market value of $5,900. What is the current market value of the shareholders’ equity?
Suppose you are given the following information for Bayside Bakery: sales = $30,000; costs = $15,000; addition to retained earnings = $4,221; dividends paid = $469; interest expense = $1,300; tax rate = 30 percent. What is the amount of the depreciation expense?
The 2008 balance sheet of The Sports Store showed $800,000 in the common stock account and $6.7 million in the additional paid-in surplus account. The 2009 balance sheet showed $872,000 and $8 million in the same two accounts, respectively. The company paid out $600,000 in cash dividends during 2009. What is the cash flow to stockholders for 2009?