Question 2 Select the correct statement regarding vertical analyis: Vertical analysis of the income stasement involves showng eoch item as a percentage of sales. Vertical analysis of the balance sheet involes showing each asset as a perventage of total assets Vertical anslysis examines two or more tems from the finssolal statements of one accounting seriod. All of these are corret. The following balance sheet information is provided for Northrup Comparvy. What is the amount of the company's working capital? $2.810$8.610$17.610$25.840 The following balance sheet information is provided for Northrup Company: What is the company's quick (acid-test) ratio? 0.7 1.2 1.5 2.5 Moving to another question will save this response. lestion 12 Working capital is defined as current assets less current liabilities. total assets minus total kablities current assets divided by current liabilities. current liabilities divided by long-term liabilites. The following balance sheet informatoon is peovided for Northrun Camnum.. What is the cumpany s current ratio? a.73 125 1.46 265 ife vlok bholdert of recaed as at Apea 1, 2012. The istuance of a sted didend wili not antect tura mpaty increasu rebared exming: decreose fotal pais an cesital. decrease net moane Question 30 When a company purchases treasury stock total equity decreases. cash flow from investing activities decrenses. totai assets are unaffected total assets increase Which of the following statements is a reason why a carpany would buy treasury atack? beceuse maragement believes the maket price of atock is uncervalued to have stock arvallable to issue to employees in stock obton plant te avoid a hostile takeover ali of these are reasons a compisy would huy treasury stock. the stochholiers el rected as of hard 1, 2012 To eflect on net inome ar cash tow. mo elfect on net noome, decrease cash fimt deorease net income, dechase cash Sow morease not incont, no effect ch cash fous