Chat with us, powered by LiveChat Question 16. The ability to meet short-term obligations and to efficiently generate revenues is called: A. | Writedemy

Question 16. The ability to meet short-term obligations and to efficiently generate revenues is called: A.

Question 16. The ability to meet short-term obligations and to efficiently generate revenues is called: A.

Question
16.
The ability to meet short-term obligations and to efficiently generate revenues is called:
A.

Liquidity and efficiency.

B.

Solvency.

C.

Profitability.

D.

Market prospects.

E.

Creditworthiness.

17.

Industry standards for financial statement analysis:
A.

Are based on a company’s prior performance.

B.

Are set by the government.

C.

Are set by the financial performance and condition of the company’s industry.

D.

Are based on rules of thumb.

E.

Compare a company’s income with the prior year’s income.

18.

A complete income statement potentially has the following sections:
A.

Items from continuing operations and earnings per share for a corporation.

B.

Income or loss from operating a discontinued segment for the current period.

C.

The loss from disposing of the discontinued segment’s net assets.

D.

Extraordinary items.

E.

Continuing operations, discontinued segments, extraordinary items, changes in accounting principles, and earnings per share for a corporation.

19.

A company’s sales in 2009 were $250,000 and in 2010 were $287,500. Using 2009 as the base year, the sales trend percent for 2010 is:
A.

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