If accounts receivable stays the same, and credit sales go up:

A$.$ The average collection period will go up$.$

B$.$ The average collection period will go down.

C$.$ Accounts receivable turnover will decrease.

D$.$ A&C$,$

E$.$ A&B$.$

An increase in the market price of a company's common shares will immediately affect its A current ratio of $0\mathrm{.}6$ to $1\mathrm{.}0$ means:

A$.$ Current assets is $60$ percent of current liabilities.

B$.$ Current liabilities is $60$ percent of current assets.

C$.$ Current liabilities represent $40$ percent of total liabilities.

D$.$ The company has more current assets than current liabilities.

E$.$ The company will be able to satisfy $40$ percent of current liabilities by the end of the year.

Financial ratios may not help in which of the following situations?

A$.$ Comparing the firm's performance against its peers.

B$.$ Measuring the firm's morale.

C$.$ Comparing the efficiency of different teams within the firm.

D$.$ Measuring the firm's performance through time.

E$.$ None of the above.

Products that have been completed and are ready to be sold by the manufacturer are called:

A$.$ Finished goods inventory.

B$.$ Goods in process inventory.

C$.$ Raw materials inventory.

D$.$ Cost of goods sold.

E$.$ Factory supplies.

Which of the following items represents a difference between financial and managerial accounting?

A$.$ Users of the information.

B$.$ Flexibility of practices.

C$.$ Timeliness and time dimension of the information reported.

D$.$ Nature of the information.

E$.$ All of these.