1.When shares are sold from one shareholder to another in the open market: the following account is impacted A) Captial Stock B) Retained Earnings C)Long term liabilities D) Current Assets E) None

2.The following accounts are listed in order of liquidity: A) Current Assets B) Current Liabilities C) Both A and B D) Long term assets E) None

3.Which of the following ratios is not useful for comparison purposes? A) Return to assets B)Price earnings ratio C) Return to equity D) Earnings per share E) None

4.Which of the following ratios is the coverage ratio? A) Return on assets B) Return on equity C) Earnings per share D) Times interest earned E) None

5.The ratio that shows how much in excess of current earnings investors are willing to pay for company stock is A) Payout B)Current C)Price Earnings D) Return on equity E) none

6.Investments representing long term holdings of securities would appear on the balance sheet as A) long term liabilities B) Long term assets C) Caotial Stock D) Retained Earnings E) None