refer to the pic above

1. Horizontal analysis of 2019 Del Rosario Gazmen's balance sheet would report A .Cash as 9.50% of total assets

B. 17% increase in Prepaid Expenses.

C. 19% increase in Cash. D. All of the above

2. Vertical analysis of 2019 Del Rosario-Gazmen s balance sheet would report A Cash as 9.50% of total assets.

B. 17% increase in Prepaid Expenses

C. 19% increase in Cash D. All of the above

3. A common-size income statement for Del Rosario-Gazmen Company would report

(amounts rounded)

A Net income of 22:20% B. Sales of 100% C Cost of sales at 30.82%

D. All of the above

4. A common-size balance sheet for Del Rosario-Gazmen Company would report (amounts rounded)

A. Current liabilities as 28% of total assets.

B. Owner's capital is 53% of total liabilities and equity C.Receivables is 7% of total liabilities and equity

D. All of the above

5. Trend analysis will show which of the following?

A. 15% increase in Current Liabilities.

B. 33% increase in Owner's Capital.

C.19% increase in Long Term Liabilities

D. All of the above

6. If current assets are P360,000 and total assets are P810,000, what

assets are current assets?

percentage of total

A.44 percent

B.30 percent

C. 25 percent

D. 44 percent

7. Comparing the amount of a balance sheet item in one year to the amount for the same item

in a prior year is called

A. common-size analysis.

B. vertical analysis. C. horizontal analysis.

D. ratio analysis.

8. A firm has liabilities of P30,000 and owner's capital of P90,000. The percentage of total labilities to total assets is

A 25 percent. B. 20 percent.

C. 50 percent.

D.75 percent

9. A firm had owner's capital of P150,000 in 2013 and 187,500 in 2018. The increase in owner's capital from 2018 to 2019 is

A 12.5 percent. B. 20 percent.

C. 25 percent.

D. 125 percent.

10. If long-term liabilities are $300,000 and total assets are #2,100,000, what percentage of total assets are long-term liabilities?

A 7 percent

Current Liabilities Notes Payable Accounts Payable Total Current Liabilities 20,335 22,000 42,335 18,960 51,815 113,110 Del Rosario-Gazmen Company Income Statement For the year ended December 31, 2019 Non-current Liabilities Long-term Liability Del rosario-Gazmen, Capital Total Liabilities and Owner's Equity Net Sales Less: Cost of Sales Gross Profit Less Expenses Selling Expenses Administrative Expenses Operating Income Less: Interest Expense Net Income 16,150 20,000 36,150 23,990 68,840 128,980 104,705 32,275 72,430 35,325 12,815 24,290 1,050 23,240 Current Liabilities Notes Payable Accounts Payable Total Current Liabilities 20,335 22,000 42,335 18,960 51,815 113,110 Del Rosario-Gazmen Company Income Statement For the year ended December 31, 2019 Non-current Liabilities Long-term Liability Del rosario-Gazmen, Capital Total Liabilities and Owner's Equity Net Sales Less: Cost of Sales Gross Profit Less Expenses Selling Expenses Administrative Expenses Operating Income Less: Interest Expense Net Income 16,150 20,000 36,150 23,990 68,840 128,980 104,705 32,275 72,430 35,325 12,815 24,290 1,050 23,240