Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1)Which of the following is NOT a component of the DuPont formula for profitability analysis? A)Profit Margin B) Asset Turnover C) Current Ratio D) All

1)Which of the following is NOT a component of the DuPont formula for profitability analysis?

A)Profit Margin

B) Asset Turnover

C) Current Ratio

D) All of the above are components of the DuPont Formula

2)In a Statement of cash Flows prepared according to US GAAP, which of the following events will appear in the cash flows from financing activities section of the statement of cash flows?

A) Cash purchases of equipment

B)Cash purchases of bonds issued by another company.

C)Cash received as repayment for funds loaned

D)Cash purchase of treasury stock

3)Which of the following is added to net income as an adjustment under the indirect method of preparing the statement of cash flows?

A)Inventory increase.

B)Gain on the sale of land

C)Depreciation expense

D)Accounts receivable increase

4)In a Cash Flow Statement prepared according to US GAAP, cash flows from investing activities do not include cash flows from:

A)Lending money to another corporation

B)The sale of equipment.

C)The proceeds from the issuance of long term bonds.

D)The purchase of other corporation's securities.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

New Principles Of Best Practice In Clinical Audit

Authors: Robin Burgess

2nd Edition

1138443646, 978-1138443648

More Books

Students also viewed these Accounting questions