Which of the following is a measure of profitability? A. Quick (acid-test) ratio B. Net sales...
Which of the following is a measure of profitability?
A.
Quick (acid-test) ratio
B.
Net sales
C.
Return on assets (ROA)
D.
Inventory turnover
Homework Answers
Option C is the answer
Quick ratio - Liquidity ratio
Return on Assets - Profitability ratio
Inventory Turnover - Liquidity ratio
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Which of the following is a measure of profitability?
A.
Quick (acid-test) ratio
B.
Net sales...
Which of the following financial ratios is not a measure of operating profitability? Inventory Turnover Ratio...
Which of the following financial ratios is not a measure of operating profitability? Inventory Turnover Ratio Net Profit on Sales Ratio Return on Assets Ratio Gross Pront Margin Ratio
16 Quick assets divided by current liabilities is the: Multiple Choice Acid-test ratio. Current ratio. Working...
16 Quick assets divided by current liabilities is the: Multiple Choice Acid-test ratio. Current ratio. Working capital ratio. Current liability turnover ratio. Quick asset turnover ratio. 17 Net sales divided by Average accounts receivable, net is the: Multiple Choice Days' sales uncollected. Average accounts receivable ratio. Current ratio. Profit margin. Accounts receivable turnover ratio. 18 Dividing Accounts receivable, net by Net sales and multiplying the result by 365 is the: Multiple Choice Profit margin. Days' sales uncollected. Accounts receivable turnover...
36. The most common measure of short-term liquidity is the a. acid-test. b. current ratio. c....
36. The most common measure of short-term liquidity is the a. acid-test. b. current ratio. c. quick ratio. d. working capital. 37. The acid-test is calculated as Cash + Cash Equivalents + Accounts Receivable Current Liabilities Cash + Cash Equivalents + Inventory + Accounts Receivable Current Liabilities Cash + Cash Equivalents + Accounts Receivable Current Assets Cash + Cash Equivalents + Inventory + Accounts Receivable Current Assets 38. A high inventory turnover might signal a. a problem with old and...
Kindly, correct me if I am wrong. Income statement (represents profitability in period of time) Sales...
Kindly, correct me if I am
wrong.
Income statement (represents profitability in period of time) Sales (Revenue) Total sales Cost of goods sold (COGS) Gross profit SALES - COGS Depreciation (operational cost) (x) Selling & admin expenses (operational cost) Operating profit (net income) Gross profit - (X+Y) Interest expenses (interest) Earnings before Taxes Operating profit - interest Taxes (TAX) Earnings after Taxes EBT-TAX Ration Analysis Liquidity Ratio: ► Ability to meet short term immediate obligations ► Current Ratio (C.R) =...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
4. Define, indicate the use of, and the formula for computing the following: Acid-test (Quick) Ratio...
4. Define, indicate the use of, and the formula for computing the following: Acid-test (Quick) Ratio a. b. Accounts Receivable Turnover Ratio Days Sales in Receivables c.
Which of the statements below is FALSE? A) The acid ratio test equals current assets minus...
Which of the statements below is FALSE? A) The acid ratio test equals current assets minus inventories divided by current liabilities. B) Examples of liquidity ratios include the current ratio, the cash coverage ratio, and the quick ratio. C) The current ratio is current assets divided by current liabilities. D) Inventory turnover equals cost of goods sold divided by inventory.
5. Calculate the quick ratio (acid test ratio) for a company given the following information: Cash A/R (net) Invent...
5. Calculate the quick ratio (acid test ratio) for a company given the following information: Cash A/R (net) Inventory Short term investments Fixed Assets (net) Long-term investments $10,000 $12,000 $30,000 $25,000 $115,000 $150,000 Accounts Payable $10,000 Other Short term liabilities: $27,000 Long-term liabilities: $50,000
The most widely used profitability ratio is A. Quick ratio B. Profit margin C. Return on...
The most widely used profitability ratio is A. Quick ratio B. Profit margin C. Return on assets D. Earnings per share.
Which of the following financial ratios is not a measure of operating profitability? Inventory Turnover Ratio Net Profit on Sales Ratio Return on Assets Ratio Gross Pront Margin Ratio
36. The most common measure of short-term liquidity is the a. acid-test. b. current ratio. c. quick ratio. d. working capital. 37. The acid-test is calculated as Cash + Cash Equivalents + Accounts Receivable Current Liabilities Cash + Cash Equivalents + Inventory + Accounts Receivable Current Liabilities Cash + Cash Equivalents + Accounts Receivable Current Assets Cash + Cash Equivalents + Inventory + Accounts Receivable Current Assets 38. A high inventory turnover might signal a. a problem with old and...
Kindly, correct me if I am
wrong.
Income statement (represents profitability in period of time) Sales (Revenue) Total sales Cost of goods sold (COGS) Gross profit SALES - COGS Depreciation (operational cost) (x) Selling & admin expenses (operational cost) Operating profit (net income) Gross profit - (X+Y) Interest expenses (interest) Earnings before Taxes Operating profit - interest Taxes (TAX) Earnings after Taxes EBT-TAX Ration Analysis Liquidity Ratio: ► Ability to meet short term immediate obligations ► Current Ratio (C.R) =...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
Instructions For 2017 and 2018, calculate current ratio, quick (acid-test) ratio, inventory turnover and days' inventory outstanding (DIO), accounts receivable turnover, days' sales in average receivables or days' sales outstanding (DSO), accounts payable turnover, days' payable outstanding (DPO), and cash conversion cycle (in days). a. Use the cost of goods sold in the formula for accounts payable turnover. b. Use a 365-day year for calculations as needed. c. Use cell references from prior calculations, if applicable. (Always use cell references...
4. Define, indicate the use of, and the formula for computing the following: Acid-test (Quick) Ratio a. b. Accounts Receivable Turnover Ratio Days Sales in Receivables c.
5. Calculate the quick ratio (acid test ratio) for a company given the following information: Cash A/R (net) Inventory Short term investments Fixed Assets (net) Long-term investments $10,000 $12,000 $30,000 $25,000 $115,000 $150,000 Accounts Payable $10,000 Other Short term liabilities: $27,000 Long-term liabilities: $50,000
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