
Week 7
Quiz
•
Other
•
Professional Development
•
Practice Problem
•
Medium
Nicole Chuchmach
Used 1+ times
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9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Horizontal analysis is also called comparative analysis
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If Sales in 2023 are $200,000 and Sales in 2022 are $175,000, what is the percentage change from 2023 to 2022?
38%
62%
33%
13%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The equation for the current ratio is current assets divided by current liabilities
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The quick ratio is a better ratio to determine an event business' ability to pay off immediate debt
True
False
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A current ratio of 1:4 is positive
True
False
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When performing a vertical analysis on an income statement, what is set to 100%
Operating Expenses
Net Income
Salaries Expense
Sales Revenue
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When performing a horizontal analysis, you only need 1 period of data
True
False
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