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2 5. The statement of cash flows reports: a. Cash receipts b. Cash payments 6. Changes in cash d. All of the above 6. In
2 5. The statement of cash flows reports: a. Cash receipts b. Cash payments 6. Changes in cash d. All of the above 6. In 2008, HMFSC Inc. reported sales of $23,061. Their 2009 sales increased to $25,852. The horizontal analysis would show what change over that period? a. 45.2% decrease in the period b. 12.10% increase in the period c 10.8% decrease in the period d. 27.91% increase in the period 7. A shows how each sub-item of a category is a percentage of the total for that category. a. Vertical analysis b. Horizontal analysis c. Ratio analysis d. Current analysis 8. Which of the following is a liquidity ratio? a. Asset turnover b. Profit margin c. Accounts receivable turnover d. Return on assets 9. BL Holdings reports total liabilities of $3,000,000 and total assets of $2,432,000. What is the debt to assets ratio for this firm? a. 1.23 b. 45 c. 2.32 d..81 10. The amount of net income the company earned for each dollar invested by the owners is called: a. Quick ratio b. Return on stockholder's equity C. Return on assets d. Current ratio
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