Question 4.

4.(TCO 7) Which of the following can offer a type of comparison in financial statement analysis?(Points : 5)

Past ratios and figures

Industry averages

Statistics of competitors

All of the above

Question 5.

5.(TCO 7) A fiscal year is(Points : 5)

June to June reporting's of each year.

a 12 month accounting period that closes at the end of a month other than December.

a 12 month accounting period that closes December of each year.

a natural business year.

Question 6.

6.(TCO 7) Other than December, the most popular month for a fiscal year end is(Points : 5)

September.

July.

June.

January.