Question 23 The is shows the revenues and expenses during the financial year. Not yet answered Marked out of 1.00 Select one: a. Income Statement b. Sales budget c. Capital Hag question Question 24 Not yet What are the current assets of ABV Corporation in DECEMBER 31, 2012 if Accounts Receivable $110,000, Inventory $290,000, Accounts Payable $77,000, Cash 530,000 and Office Equipment $9,500 answered Marked out of 100 Flag question Select one a: 439.500 b.430,000 516,500 0 Question 25 Which of the following appears in Income Statment? Not yet answered Marked out of 1.00 P Flag question Select one: a. None of the answers Ob Owner's Equity @c Cash O d. Account receivables Fin Question 26 Not yet anwered With ratios, you cannot compare the company financial performance in the market Marked out of 0.50 Select one True Flag question False ober Question 27 Not yet answered Marked out of 3.00 Flag question Use information in the below table to compute the following ratios for 2002 A: Quick ratio B: Acct Receivable turnover C: Return on equity In Dollars 2002 2001 Sales 800,000 600,000 Cost of goods sold 600,000 500,000 Cash 175.000 55,000 Account Receivable 87,000 81,000 Inventories 65,000 75,000 Fixed Assets 20,000 18,000 Current Liabilities 54,810 51,000 Long term Liabilities 50,000 25,000 Shareholder's Equity 179,690 120,000 Net income 90,000 75,000 Paragraph BIE Question 30 is not Assets. Not yet answered Marked out of 1.00 Select one: O a. Account Receivable P Flag question b. Car c. Account Payable Question 31 Break Even Point is when the total revenue equal total expenses and company generate high profit Not yet answered Marked out of 0.50 Select one True P Flag question False Questo 32 Not yet The excludes current assets that cannot be easily converted to cash, such as inventory answered Marked out of 1.00 Select one a. Assets turnover ratio Flag question b. Current Ratio c. Quick Ratio Question 33 QUIZ Not yet An income statement is a summary of the cash receipts and cash payments for a specific period, such as a month or year 1 answered Marked out of 0.50 10 11 Select one: True False Flag question 19 20 28 29 Question 34 If the total revenue equal 450000 and total expense is 45000 means the company reached the breakeven point Finish atte Not yet answered Marked out of 0.50 Select one True P Flag question False Question 35 What is The Stockholders' Equity of XYZ Corporation in December 31, 2019, if Retained Earnings are $120,000 and Common Stock issued $750,000? Not yet answered Marked out of 100 Flag question Select one a 145,000 6.630,000 C 870,000