ACCT 504 help A Guide to career/ ACCT 504 help A Guide to career/ - Page 17

8. (TCO C) Accounts receivable arising from sales to customers amounted to $35,000 and $40,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $120,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is_____. (Points : 5) $120,000 $125,000 $155,000 $115,000 9. (TCO F) One variation of the horizontal analysis is known as _____. (Points : 5) nonlinear analysis vertical analysis trend analysis common-size analysis 10. (TCO F) In a common-size balance sheet, the 100% figure is _____. (Points : 5) total current assets total property, plant, and equipment total liabilities total assets 11. (TCO F) In vertical analysis, the base amount for studying salary and wages expense is generally _____. (Points : 5) net sales salary and wages expense in a previous year gross profit net income 12. (TCO F) A common measure of profitability is the _____. (Points : 5) current ratio current cash debt coverage ratio return on common stockholder's equity ratio debt to total assets 13. (TCO F) Return-on-assets ratio is most closely related to _____. (Points : 5)