Part A 1. Which of the following present financial information of parent and subsidiary companies as if they are a single business unit? A. Classified financial statement B. Comparative financial statement C. Consolidated financial statement D. Operating financial statement 2. Which of the following ratios is not considered measure of liquidity? A Quick ratio B. Receivable turnover ratio C. Current ratio D. Earnings per share 3. All of the followings are an example of a quick asset except A. cash. B. inventory. C. investment in security. D. account receivable. 4. Working capital is the excess of current assets over A. current liabilities. B. total liabilities. C. long-term liabilities. D. equity. 5. Which of the following ratios is not considered measure of profitability? A. Earnings per share B. Gross profit rate C. Price earnings ratio D. Return on assets