# ACC 211 Final Ch 15

Term
1 / 17
When a current period amount is expressed as a percentage of a prior period amount, it is referred to as:
a.vertical analysis.
b.horizontal analysis.
c.ratio analysis.
d.leverage analysis.
Click the card to flip 👆
Terms in this set (17)
Which of the following is an example of common-size analysis?
a.Depreciation expense is expressed as a percentage of sales
b.Quick ratio is calculated for the company's different divisions
c.Operating expenses are expressed as a percentage of industry average
d.Current ratio is compared to industry average
Which of the following statements is true about profitability ratios?
a.They measure the earning ability of a company.
b.They measure the ability of a company to purchase assets.
c.They measure the ability of a company to meet its long- and short-term obligations.
d.They measure the ability of a company to meet its current obligations.