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of 48 available terms

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5 Written Questions

5 Matching Questions

  1. Quick Ratio
  2. Current Ratio
  3. Profitability Ratios
  4. Return on Assets
  5. Depreciation
  1. a current assets/current liabilities
  2. b the loss of the value of capital equipment that results from normal wear and tear
  3. c net income/assets
  4. d a straight measure of liquidity that eliminates inventory
  5. e ratios that measure the amount of operating income or net income an organization is able to generate relative to its assets, owner's equity, and sales

5 Multiple Choice Questions

  1. the total profit after all expenses, including taxes, have been deducted from revenue; also called net-earnings
  2. ratios that measure how much debt and organization is using relative to other sources of capital, such as owners' equity
  3. data used by investors to compare the performance of one company with another on an equal, per share basis
  4. sales/accounts receivable
  5. the recording, measurement, and interpretation of financial information

5 True/False Questions

  1. Cost of Goods Soldthe amount of money a firm spent to but or produce the products it sold during the period to which the income statement applies


  2. Assetsan internal financial plan that forecasts expenses and income over a set period of time


  3. Accounts Payablemoney an organization owes its vendors and suppliers.


  4. Ledgera book or computer file with separate sections for each account


  5. Times Interest Earned Ratiooperating income/interest expense


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