Sarbanes-Oxley Act of 2002 requires which of the following report to be prepared by the management of the company?

a.A report evaluating the probability that the company will remain in business

b.A report assessing the market value of the company's current stock price

c.A report identifying the competency of the company's board of directors

d.A report showing management's assessment of internal control

An analysis in which all the components of an income statement are expressed as a percentage of net sales is called _____.

a.liquidity analysis

b.vertical analysis

c.horizontal analysis

d.solvency analysis

For most profitable companies, the return on total assets _____.

a.will be less than the rate earned on sales

b.will be less than the rate earned on total liabilities and stockholders' equity

c.cannot be determined without more information

d.will be less than the return on stockholders' equity