ACCT 212 Week 8 Quiz (Summer 2021)

Question: The following is an example of: Question: The times interest earned ratio is classified as an indicator of a company’s: Question: A partial balance sheet for Captain D’s Sportswear is shown below……. The current ratio is: (Round your answer to 2 decimal places.) Question: Excerpts from Stealth Company’s December 31, 2021 and 2020, financial statements are presented below: …… Stealth Company’s 2021 receivables turnover ratio is: Question: Excerpts from TPX Company’s December 31, 2021 and 2020, financial statements are presented below: .….. TPX Company’s 2021 return on equity is: (Round your answer to 1 decimal place.) Question: Ronaldo Soccer Shop’s income statement reports sales of $100,000; cost of goods sold of $46,000, operating expenses of $34,000, interest expense of $15,000, income tax expense of $2,000, and net income of $3,000. If you were to perform a vertical analysis of this income statement, you would divide each of these income statement line items by: Question: To calculate a year-to-year percentage change in any financial statement line item such as sales, you should take the current year’s amount, subtract the prior year’s amount, then divide by , and finally multiply the result by 100.