1. Which of the following set of financial statement or statements should be used to calculate (Total) Assets Turnover?

A. Income Statement & Balance Sheets

B. Balance Sheet only

C. Income Statement only

D. Income Statement & Cash Flows Statement

2. Which of the following formulae provides the correct EPS (Earning per Share)?

A. Revenues amount divided by the total number of common stocks outstanding

B. Net Income divided by the total number of common stocks outstanding

C. Retained Earnings divided by the total number of common stocks outstanding

D. Total Owners Equity amount divided by the total number of common stocks outstanding