Kaplan University AC 499 Quiz 4 (Graded)

| July 29, 2018

Grade Details – All Questions 1. Question : Which of the following ratios does NOT measure liquidity? Student Answer: Net cash flow to current liabilities Working capital to total assets Current ratio Quick ratio 2. Question : The ratio computed by dividing current assets by current liabilities is the Student Answer: current ratio. earnings ratio. acid-test ratio. quick ratio. 3. Question : Statements in which all items are expressed only in relative terms (percentages of a common base) are Student Answer: horizontal statements. percentage statements. vertical statements. common-size statements. 4. Question : Which of the following is NOT included in the computation of the quick ratio? Student Answer: Inventory Marketable securities Accounts receivable Cash 5. Question : At December 31, 2014 and 2013, Rollins Corp. had 200,000 shares of common stock and 20,000 shares of 5 percent, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2013 or 2014. Net income for 2014 was $1,000,000. For 2014, basic earnings per common share amounted to? Student Answer: $5.00. $4.75. $4.50. $4.00. 6. Question : The percentage of change in long-term liabilities between two balance sheet dates is an example of Student Answer: vertical analysis. solvency analysis. profitability analysis. horizontal analysis. 7. Question : Which of the following is a measure of the liquid position of a corporation? Student Answer: Earnings per share Inventory turnover Current ratio Number of times interest charges earned 8. Question : How would the quick ratio be affected by a prepayment of $30,000 for fire and liability insurance? Student Answer: The quick ratio would decrease. The quick ratio would increase. The quick ratio would not change. The effect cannot be determined from the information given. 9. Question : Which of the following is included in the computation of the quick ratio? Student Answer: Prepaid rent Accounts receivable Inventory Supplies 10. Question : Which of the following ratios does NOT measure efficiency or activity of an entity? Student Answer: Accounts receivable turnover Age of accounts receivable Net cash flow to current liabilities Times interest earned

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