1)Common-size financial statements means? A)there is nothing outside the ordinary. B)scaling the dollar amounts within the financial statements to percentage terms.C)all information must fit on one page. D)nothing, that is not a term used with financial statements or analysis

2)Vertical analysis of a financial statement involves. A)analyzing one period of financial data to another.B)setting total assets as the base (100%) figure.C)setting net income as the base (100%) figure.D)measuring each expense category as a percentage of sales

3)Horizontal analysis of a financial statement involves? A)analyzing one period of financial data to another B)setting total assets as the base (100%) figure. C)all of the items listed here. D)analyzing trends

4)Which of the following would not be considered a liquidity ratio? A)Times interest earned. B)Quick ratio. C)Working capital .D)Current ratio

5)Turnover analysis indicates? A)how a firm turns over a new leaf.B) a firms ability to make money C)a firms ability to collect receivables. D)xpenses associated with operating the firms core business functions