Question
Question 8 part a: If a company has current liabilities of $1,500 and long-term liabilities of $4,500, current assets of $2,000, fixed assets of $6,000;
Question 8 part a: If a company has current liabilities of $1,500 and long-term liabilities of $4,500, current assets of $2,000, fixed assets of $6,000; what is its working capital?
| a | $2,000 | |
| b | -$2,000 | |
| c | $500 | |
| d | -$500 | |
| e | $1,500 |
b: If a company has sales revenue of $40,000, cost of goods sold of $10,000; what is its approximate gross profit margin (gross margin ratio)?
| a | 25% | |
| b | 400% | |
| c | 75% | |
| d | 133.33% | |
| e | None of the above |
c: Which of the following is a statement that shows the estimated assets, liabilities, and stockholders' equity at a particular point in time?
| a | Pro Forma Statement of Cash Flows | |
| b | Pro Forma Balance Sheet | |
| c | Pro Forma Income Statement | |
| d | Pro Forma Financial Forecast |
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Advanced Financial Accounting An International Approach
Authors: Jagdish Kothari, Elisabetta Barone
1st Edition
0273712748, 978-0273712749
