ACC 560 Week 11 Quiz 8 (Chapter 14) NEW

Horizontal analysis evaluates a series of financial statement data over a period of time
Question 2

Ale Corporation had net income of $240,000 and paid dividends to common stockholders of $40,000 in 2017. The weighted average number of shares outstanding in 2017 was 60,000 shares. Ale Corporation’s common stock is selling for $76 per share on the New York Stock Exchange. Ale Corporation’s price-earnings ratio is
Question 3

Blaney Clothing Store had a balance in the Accounts Receivable account of $437,500 at the beginning of the year and a balance of $500,000 at the end of the year. Net credit sales during the year amounted to $3,000,000. The average collection period of the receivables in terms of days was
Question 4

In analyzing the financial statements of a company, a single item on the financial statements
Question 5

Comparisons of financial data made within a company are called
Question 6

Assume the following sales data for a company:
2017 $945,000
2016 877,500
2015 675,000
If 2015 is the base year, what is the percentage increase in sales from 2015 to 2016?
Question 7
The current ratio is

Question 8
Horizontal analysis is also called

Question 9
Each of the following is a liquidity ratio except the