TB MC Qu. 04-101 (Algo) Tara Westmont, the proprietor... 23 Tara Westmont. The propesor of Toto Shostade 104.000 200.550 balance of $310.000 The Net Income for the years Munple Choke 5204.000 15200 COD TB MC Qu. 04-131 (Static) Which of the following statements about... 24 Which of the following statements about a company's operating cycle is not true 5 DOS Multiple Choice 8 00:47:00 O Nor current fort pre expected to carte de money ore companya dering cycle The operang ychws in a hiom when the ined to estable goods and service unor coherecewed from the belief of goods and we Current items are expected to come due within one year or the company operating sydle, whichever longer Most companies & one year period to class cute and soncurrent Most operating cycles are less than one year TB MC Qu. 05-78 (Static) The acid-test ratio: 25 The acid-test ratio 5 points 2 Multiple Choice 00:46:50 Is also called the quick ratio Measures profitability Measures inventory turnover is generally greater than the current ratio. Measures return on assets TB MC Qu. 05-108 (Static) Sales less sales discounts.... 26 Sales less sales discounts less sales returns and allowances equals: 5 points Multiple Choice 8 00:46:41 Net purchases Cost of goods sold Net sales Gross profit Net income