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22. Solvency and liquidity differ in a company's ability a.to collect cash from customers during the short or long term. b.to show a profit. c.to

22. Solvency and liquidity differ in a company's ability

a.to collect cash from customers during the short or long term.

b.to show a profit.

c.to increase gross profit percentages over long or short periods of time.

d.to remain in business over a long or short period of time.

38. Which of the following yields the return on assets ratio?

a.Return on sales Asset turnover

b.Profit margin Return on sales

c.Profit margin Asset turnover

d.Return on common stockholders' equity Asset turnover

image text in transcribed

Mother Nature Supplies Following are selected data from the financial statements of Mother Nature Supplies: Refer to the data for Mother Nature Supplies. Which of the following would result from a vertical analysis of its income statement? X a. Accounts receivable increased $22,000, or 57.9%, during 2018 . b. Cost of goods sold increased $50,000, or 23.8%, during 2018 . C. Net sales increased $110,000, or 28.9%, during 2018 . d. Gross profit is 57.9% of net sales for 2018

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