1) The common-size percent is computed by: A) Dividing the analysis amount by the base amount. B) Dividing the base amount by the analysis amount. C) Dividing the analysis amount by the base amount and multiplying the result by 100. D) Dividing the base amount by the analysis amount and multiplying the result by 1.000. E) Subtracting the base amount from the analysis amount and multiplying the result by 100. 2) A corporation reported cash of $14.000 and total assets of S178,300 on its balance sheet. Its common-size percent for cash equals: A) 0.0785% B) 7.85% C) 12.73% D) 1273% E) 7850%. 3) A corporation reported cash of $27.000. total assets of $461,000, and total equity of $157,895 on its balance sheet. Its common-size percent for cash equals: A) 17.1%. B) 58.6%. C) 100%. D) 5.86%. E) 1707% 4) Current assets minus current liabilities is: A) Profit margin. B) Financial leverage. C) Current ratio. D) Working capital. E) Quick assets. 5) Jones Corp. reported current assets of S193.000 and current liabilities of $137,000 on its most recent balance sheet. The working capital is: A) 141% B) 71% C) ($56,000). D) $56.000. E) 41%. ance sheet. The current ratio is: 6) Jones Corp. reported current assets of $193.000, current liab fed current assets of $193.000, current liabilities of $137.000, and total liabilities of $275, 714 on its most recent balance sheet. The current ra A) 1.4:1. B) 0.7:1. C) 0.3:1. D) 1:1. E) 0.4:1. 7) Jones Corp. reported current assets of $193.000 and eument liabilities of S137.000 on its recent balance sheet. The current assets consisted of $62.000 Cash: $43,000 Accounts Receivable; and $88.000 of Inventory. The acid-test (quick) ratio is: A) 1.4:1. B) 0.77: 1. C) 0.54:1. D) 1:1. E) 0.64: 1. 8) Current assets divided by current liabilities is the: A) Current ratio. B) Quick ratio. C) Debt ratio. D) Liquidity ratio. E) Solvency ratio. 9) Quick assets (cash, short-term investments, and current receivables) divided by current liabilities is the: A) Acid-test ratio. B) Current ratio. C) Working capital ratio. D) Current liability turnover ratio. E) Quick asset turnover ratio. 10) Net sales divided by average accounts receivable, net is the: A) Days' sales uncollected. B) Average accounts receivable ratio. C) Current ratio. D) Profit margin. E) Accounts receivable turnover ratio. 11) Powers Company reported net sales of $1.200.000, average Accounts Receivable, net of $78,500, and net income of $51.025. The accounts receivable turnover ratio is: A) 0.65 times. B) 14.3 times. C) 28.6 times. D) 15.3 times. E) 16.3 times. 12) Powers Company reported net sales of $1,200,000, average Accounts Receivable, net of $78,500, and net income of $51.025. The Day's sales uncollected (rounded to whole days) is: A) 24 days. B) 15 days. C) 4 days. D) 562 days. E) 48 days 13) Which of the following is not part of the sales activity in the flow of manufacturing activities? A) Beginning Finished Goods Inventory. B) Cost of Goods Manufactured. C) Total Finished Goods available for sale. D) Ending Work in Process Inventory. E) Cost of Goods Sold. 14) A manufacturing company has a beginning finished goods inventory of $14,600, raw material purchases of $18,000, cost of goods manufactured of $32,500, and an ending finished goods inventory of $17.800. The cost of goods sold for this company is: A) $21,200. B) $29,300. C) $32.500. D) $47,100. E) $27,600. 15) A manufacturing company has a beginning finished goods inventory of $28,300, cost of goods manufactured of $58,500, and an ending finished goods inventory of $27.600. The cost of goods sold for this company is: A) $114,400. B) $57.800. C) $2,600. D) $86,100. E) $59,200. 16) Romeo Corporation reports the following for the year: $ 3.200 Finished goods inventory, January 1 Finished goods inventory, December 31 Total cost of goods sold 4,000 14,200 The cost of goods manufactured for the year is: A) $21,400. B) $11.000. C) $15,000. D) $17,400. E) $10,200. 17) Mustang Corporation reports the following for the month of April: $ Finished goods inventory, April 1 Finished goods inventory, April 30 Total cost of goods manufactured 30,200 24,600 114,500 The cost of goods sold for April is: A) $169,300. B) $108.900. C) $59,700. D) $120,100. E) $144,700. 18) A company's prime costs total $3,000,000 and its conversion costs total $7,000,000. If direct materials are $1,000,000 and factory overhead is $5,000,000, then direct laboris: 2 A) $4,000,000 B) $14,000,000 C) $2.000,000. D) $1,000,000. E) $3,000,000 19) Craigmont Company's direct materials costs are $3.000.000, its direct labor costs total $7,000,000, and its factory overhead costs total $5,000,000. Its prime costs total: A) $10,000,000. B) $8,000,000. C) $12,000,000. D) $5,000,000. E) $15,000,000 20) Craigmont Company's direct materials costs are $3.000.000. its direct labor costs total $7.000.000, and its factory overhead costs total $5,000,000. Its conversion costs total: A) $10,000,000. B) $8,000,000. C) $12.000.000 D) $5.000.000 E) $15,000,000. 21) A schedule of cost of goods manufactured is also known as a: A) Raw materials processed schedule. B) Factory supplies used schedule. C) Manufacturing statement. D) Total finished goods statement. E) Cost of goods sold schedule. 22) The following information relates to the manufacturing operations of the JNR Printing Company for the year: Raw materials inventory Finished goods Beginning $ 57,000 68,000 Ending $ 60,000 60,000 The raw materials used in manufacturing during the year totaled $118.000. Raw materials purchased during the year amount to: A) $107.000 B) $115,000. C) $118.000. D) $121,000. E) $126,000 23) The following information relates to the manufacturing operations of the Abbra Publishing Company for the year: Beginning Ending Raw materials inventory $ 547,000 S 610,000 The raw materials used in manufacturing during the year totaled $1.018,000. Raw materials purchased during the year amount to: A) $955,000 B) 5892.000 C) $1,565.000. D) $408,000. E) $1.081.000