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Can you please answer 7 to 11. Thank you so much ! 7 A ratio that might change substantially if items of other comprehensive income
Can you please answer 7 to 11. Thank you so much !
7 A ratio that might change substantially if items of other comprehensive income were included is: A current ratio. B gross profit margin. C inventory turnover. D return on investment. 8 The Sarbanes-Oxley Act required the SEC to adopt rules concerning pro-forma financial information. One requirement is that the company issuing pro-forma financial information must: A reconcile non-GAAP financial measures to GAAP-based financial measures. B conform all pro-forma information to GAAP. C show restructuring costs in pro-forma financial statements D obtain an opinion from the external auditors that the pro-forma information is "fairly presented." 9 Interim reports: A are unaudited financial reports covering fiscal periods of less than one year. B require that actual year-to-date tax rates be used. care required by the SEC to be audited. D may use non-GAAP in their preparation. 10 The primary financial analysis of profit ratios should include only income and expenses arising from the normal operations of the business. This would exclude: A interest income. B gross profit. C inventory write-downs. D discontinued operations. 11 The degree of financial leverage formula will not work precisely when the income statement includes which of the following items? A Extraordinary items B Noncontrolling interest C Equity income D All of the answers are correctStep by Step Solution
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