Financial Accounting final Exam FA-Apr 2022 Cla Exam Week: June 13 to 17, 2022 Multiple Choice Quem NOT MARK ANSWERS HERE Refer to the table above. The accounts receivable tumover for Hot Rolled Corponion for the your ended December 31, 2020, w A) 13.45 13.32 C) 12.33 D) 12.11 35) Which of the following statements about inventory turnover is m A) Companies generally strive to have the highest possible inventory B) A high ratio indicates the company is having trouble selling its C) The most profitable turnover ratio may not necessarily be the highest D) A low ratio generally means the company is not keeping mough inventory on hand 36) From the list below, select the ratios) that help in the analysis of working capital A) current ratio B) quick ratio C) debt ratio D) current ratio and quick ratio 1 37) If a balance sheet is subjected to vertical analysis which shows that current assets (using total the hase) have decreased from 53% to 36%, this would always mean that A) the dollar amount of current assets has decreased B) current assets have decreased as a percentage of total a C) the dollar amount of total assets has decreased D) the dollar amount of total assets has increased 38) Health & Wellness Corporation has had 8.500 shares of $2.00 preferred shares outstanding as well as 30,000 common shares issued at $10 outstanding since it was incorporated During the first, second, and third years of operations, $15,000, $18,000, and $50,000 in dividends, respectively, were paid. The dividends paid h the common shareholders of Health & Wellness Corporation in year thene amoumed A)50 B) $15,500 C) $33,000 D) cannot be determined from the gives information 10