Financial analysis is more robust when management can compare financial information against established benchmarks/standards. What type of standard compares financial Information for one year to financial information from prior years for the same company? Multiple Choice Industry. Competitor. Intracompany. General guidelines. A corporation reports the following year-end balance sheet data. The company's acid-test ratio is: Cash Accounts receivable Inventory Equipment Total assets $ 53,000 Current liabilities 68,000 Long-term liabilities 73,000 Common stock 158,000 Retained earnings $352,000 Total liabilities and equity $ 88,000 30,000 113,000 121,000 $352,000 A corporation reports the following year-end balance sheet/income statement data. The company's days' sales uncollected for Year 2 is (use 365 days per year): Year 2 Year 1 Cash $ 38,000 $ 32,750 Short-term investments 95,000 62,500 Accounts receivable, net 88,000 82,000 Merchandise inventory 123,500 127,500 Prepaid expenses 12,600 10,200 Plant assets Accounts payable Net sales 390,500 340,500 110,900 110,300 562,000 625,000 Cost of goods sold 392,500 377,500