41.
What is the debt-to-equity ratio?
A
Total liabilities divided by total equity
B
Total assets divided by total equity
C
Total liabilities divided by total assets
D
Total equity divided by total assets
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What is the debt-to-equity ratio?
Total liabilities divided by total equity
Total assets divided by total equity
Total liabilities divided by total assets
Total equity divided by total assets
What is the quick ratio?
(Current assets - Inventory) divided by current liabilities
Current assets divided by current liabilities
Total assets divided by total liabilities
Total liabilities divided by total assets
What is the current ratio?
Current assets divided by current liabilities
Current liabilities divided by current assets
Total assets divided by total liabilities
Total liabilities divided by total assets
The Balance Sheet reports a company's:
Revenues and expenses over a period of time
Changes in assets, liabilities, and equity over a period of time
Financial position at a point in time
Cash inflows and outflows over a period of time
What is profitability?
A company's ability to generate profits
A company's ability to meet its short-term obligations
A company's ability to meet its long-term obligations
A company's growth potential
What is solvency?
A company's ability to meet its long-term obligations
A company's profitability
A company's liquidity
A company's growth potential
What is liquidity?
A company's ability to meet its short-term obligations
A company's profitability
A company's solvency
A company's growth potential
What are current liabilities?
Liabilities that are expected to be paid within one year
Liabilities that are expected to be paid in more than one year
Long-term debt
Equity
What are current assets?
Assets that are expected to be converted into cash within one year
Assets that are expected to be held for more than one year
Long-term investments
Intangible assets
What is working capital?
Current assets minus current liabilities
Current assets plus current liabilities
Total assets minus total liabilities
Total equity
What are financing activities?
Cash flows from borrowing and repaying debt and issuing stock
Cash flows from the company's primary operations, such as sales and expenses
Cash flows from the purchase and sale of long-term assets
Cash flows from dividends and other distributions to shareholders
What are investing activities?
Cash flows from the purchase and sale of long-term assets
Cash flows from the company's primary operations, such as sales and expenses
Cash flows from borrowing and repaying debt and issuing stock
Cash flows from dividends and other distributions to shareholders
What are operating activities?
Cash flows from the company's primary operations, such as sales and expenses
Cash flows from the purchase and sale of long-term assets
Cash flows from borrowing and repaying debt and issuing stock
Cash flows from dividends and other distributions to shareholders
What is the statement of cash flows divided into?
Operating activities, investing activities, and financing activities
Revenues, expenses, and gains
Assets, liabilities, and equity
Current assets and non-current assets
The Income Statement reports a company's:
Financial position at a point in time
Changes in assets, liabilities, and equity over a period of time
Revenues and expenses over a period of time
Cash inflows and outflows over a period of time
What is the statement of changes in equity?
A statement that shows the changes in a company's equity during a period
A statement that shows the changes in a company's assets during a period
A statement that shows the changes in a company's liabilities during a period
A statement that shows the changes in a company's revenues and expenses during a period
What is retained earnings?
The accumulated profits of a company that have not been distributed as dividends
The amount of money owed to creditors
The value of a company's assets
The company's cash flow
What are dividends?
Payments made to shareholders
Payments made to creditors
Payments made to employees
Payments made to suppliers
What are the two main components of equity?
Common stock and preferred stock
Common stock and retained earnings
Retained earnings and dividends
Dividends and treasury stock
What is equity?
The ownership interest in a company
The amount of money owed to creditors
The value of a company's assets
The company's cash flow