Liquidity ratios indicate a company's short-term debt-paying ability. These ratios include: (Select all that apply). Each incorrect answer results in a negative point mark. Select one or more: a. Stock Value to Sales ratio. b. Equity ratio. c. Acid-test (quick) ratio. d. Inventory turnover. e. Current, or working capital, ratio. f. Cash flow liquidity ratio. g. Total assets turnover. h. Accounts receivable turnover. i. Number of days' sales in accounts receivable. Question 2 Not yet answered Marked out of 10.00 Not flagged Question text Profitability tests are an important measure of a company's operating success. These tests include(Mark all that apply). Each incorrect answer results in a negative point mark. Select one or more: a. Times preferred dividends earned ratio. b. Acid-test (quick) ratio. c. Inventory turnover. d. Times interest earned ratio. e. Net income to average common stockholders' equity. f. Cash flow margin. g. Net income to net sales. h. Earnings per share of common stock. i. Rate of return on operating assets. Question 3 Not yet answered Marked out of 10.00 Not flagged Question text Market tests help investors and potential investors assess the relative merits of the various stocks in the marketplace. These tests include: (Mark all that apply). Each incorrect answer results in a negative point mark. Select one or more: a. Price-earnings ratio. b. Earnings yield on common stock. c. Inventory turnover. d. Acid-test (quick) ratio. e. Payout ratio on common stock. f. Dividend yield on preferred stock. g. Cash flow per share of common stock. h. Dividend yield on common stock. Question 4 Not yet answered Marked out of 10.00 Not flagged Question text The following data were abstracted from the 2014 December 31, balance sheet of Andrews Company: Cash $136,000 Marketable securities 64,000. Accounts and notes receivable, net 184,000. Merchandise inventory 244,000. Prepaid expenses 12,000. Accounts and notes payable, short-term 256,000. Short-term accrued liabilities 64,000. Bonds payable, long-term 400,000. The current ratio is: Select one: a. 3:1. b. 1:2. c. 1.2:1. d. 2:1. Question 5 Not yet answered Marked out of 10.00 Not flagged Question text The following data were abstracted from the 2014 December 31, balance sheet of Andrews Company: Cash $136,000 Marketable securities 64,000. Accounts and notes receivable, net 184,000. Merchandise inventory 244,000. Prepaid expenses 12,000. Accounts and notes payable, short-term 256,000. Short-term accrued liabilities 64,000. Bonds payable, long-term 400,000. The acid-test ratio is: Select one: a. 1.2:1. b. 3:1. c. 2:1. d. 1:2. Question 6 Not yet answered Marked out of 10.00 Not flagged Question text Benson Company shows the following data on its 2014 financial statements: Accounts receivable, January 1 $720,000; Accounts receivable, December 31 960,000; Merchandise inventory, January 1 900,000; Merchandise inventory, December 31 1,020,000; Gross sales 4,800,000; Sales returns and allowances 180,000; Net sales 4,620,000; Cost of goods sold 3,360,000; Income before interest and taxes 720,000; Interest on bonds 192,000; Net income 384,000; The accounts receivable turnover is: Select one: a. 5.5 times per year. b. $840,000; Accounts receivable turnover: $4,620,000/$840,000 = 5.5. c. 5 times per year. d. 6.667 times per year. e. 5.714 times per year. Question 7 Not yet answered Marked out of 10.00 Not flagged Question text Benson Company shows the following data on its 2014 financial statements: Accounts receivable, January 1 $720,000; Accounts receivable, December 31 960,000; Merchandise inventory, January 1 900,000; Merchandise inventory, December 31 1,020,000; Gross sales 4,800,000; Sales returns and allowances 180,000; Net sales 4,620,000; Cost of goods sold 3,360,000; Income before interest and taxes 720,000; Interest on bonds 192,000; Net income 384,000; The inventory turnover is: Select one: a. 5.0 times per year. b. 4.0 times per year. c. 4.8125 times per year. d. 3.5 times per year. Question 8 Not yet answered Marked out of 10.00 Not flagged Question text Benson Company shows the following data on its 2014 financial statements: Accounts receivable, January 1 $720,000; Accounts receivable, December 31 960,000; Merchandise inventory, January 1 900,000; Merchandise inventory, December 31 1,020,000; Gross sales 4,800,000; Sales returns and allowances 180,000; Net sales 4,620,000; Cost of goods sold 3,360,000; Income before interest and taxes 720,000; Interest on bonds 192,000; Net income 384,000; The times interest earned ratio is: Select one: a. 3.75 times per year. b. 3.00 times per year. c. 2.00 times per year. d. 4.75 times per year. Question 9 Not yet answered Marked out of 10.00 Not flagged Question text The working capital of a company is equal to: Select one: a. total assets less current assets. b. long-term assets less current assets. c. current assets less current liabilities. d. stockholders' equity. Question 10 Not yet answered Marked out of 10.00 Not flagged Question text The gross profit percentage decreased from 36.5% in 2014 to 24.8% in 2015. What is the trend in this change? Select one: a. The answer depends upon whether net sales increased or decreased during the period. b. The trend cannot be determined unless the dollar amount of the change is also know. c. This change represents an upward, or favorable, trend. d. This change represents a downward, or negative, trend. Question 11 Not yet answered Marked out of 6.00 Not flagged Question text (T / F) A company that is quite profitable may find it difficult to pay its accounts payable if a large portion of its sales are made on accounts receivable. Select one: True False I need these answered in less than 30 minutes thank you Simple accounting questions