A100 IU Final Exam Revision Questions with All Correct Answers Graded A+

A100 IU Final Exam Revision Questions with
All Correct Answers Graded A+
Debt to Equity Ratio - Answer Avg Liability / Avg Equity



Inventory Turnover Ratio - Answer COGS / Avg Inventory



Balance Sheet Equation - Answer Assets = Liabilities + Equity



Interest Payable - Answer Begin +Interest Accrued -Payments made =End



Notes Payable - Answer Begin +Additional Funds Borrowed -Payments made =End



Utilities Payable - Answer Begin +Expense Incurred -Amounts Paid =End



Accounts Receivable - Answer Begin +Sales -Cash Collected =End



Accounts Payable - Answer Begin +Purchases -Amount Paid =End



Inventory - Answer Begin +Purchases -COGS =End



Prepaid Amounts - Answer Begin +Additional Payments -Expense =End



Current Ratio - Answer Current Assets / Current Liabilities



Earnings Per Share - Answer Net Income / # of Outstanding Shares



Current Liabilities - Answer Accounts Payable; Wages Payable; Utilities Payable; Short-term Notes
Payable