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5 Written questions

5 Matching questions

  1. Return on Equity
  2. Accrued Expenses
  3. Receivables Turnover
  4. Depreciation
  5. Journal
  1. a net income/owner's equity
  2. b the loss of the value of capital equipment that results from normal wear and tear
  3. c a time-ordered list of account transactions
  4. d sales/accounts receivable
  5. e is an account representing all unpaid financial obligations incurred by the organization

5 Multiple choice questions

  1. the total profit after all expenses, including taxes, have been deducted from revenue; also called net-earnings
  2. assets=liabilities+owner's equity
  3. a straight measure of liquidity that eliminates inventory
  4. the movement of money through an organization over a daily, weekly, monthly, or yearly basis
  5. summary of a firm's financial information, products, and growth plans for owners and potential investors

5 True/False questions

  1. Times Interest Earned Ratiocurrent assets/current liabilities


  2. Dividends Per Shareprofit/number of stock shares outstanding


  3. Debt Utilization Ratiosratios that measure how well a firm uses its assets to generate $1 of sales


  4. Revenuethe costs incurred in the day-to-day operations of an organization


  5. Owner's Equity=assets-liabilities


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