1. The total asset dollar amount is typically used as the base for a common size balance sheet analysis.

True or false

2.a trend percent is calculated as the current year divided by the base year.

True or false

3. During 2013, Columbia inc. had beginning accounts receivable of 680,000 and ending ac- accounts receivable of 760,000. It's net sales 4,500,000 are composed of 20%cash sales and 80% credit sales. Based on this information , what is Columbias average collection period?

A. 58.4 days

B 292.0 days

C. 73.0 days

D.5.0 days

E. None

4. A common size analysis converts each line of financial statement data to an easily comparable amount measured in percent form .

True or false

5. If a company's return on assets is higher than its return on shareholders equity then it has positive financial leverage.

True or false