The authoritative voice on the financial accounting standards is the 1. FASB IMA None of these a. AAA 2. The statement that shows investments in the firm and the distributions to the owners is the Income statement Balance statement Statement of retained earnings None of the a. above Statement of Owners' Equity 3. If the profit margin ratio is.10 and net income is.10 then shareholders equity is 4. If the payout is.40 and dividends are 40 then net income is 40/.40 100 5. The ratio that shows what proportion of the company's net income is paid out to shareholder is EPS P/E Payout None of these a. 6. Assets are 100 and expected to grow by 25%. Liabilities and owner's equity are 100 and expected to grow by 20%. The plug for the first proforma year is? Liability Cash neither a. Asset 100 equity -100 growth -.25 equity growth 2015 b. Next year asset- 125 liability+ owner equity 120 7. Assets are 100 and expected to grow by 25%. Liabilities and owner's equity are 100 and expected to grow by 20%. The plug for the first proforma year is? Liability Cash neither Assets are 100 and expected to grow by 20%. Liabilities and owner's equity are 100 and 8. expected to grow by 18%. The plug for the first proforma year is? Liability Cash neither Smith LLC as base sales of 100 and cost of goods sold is 50% of sales. Assuming a 15% increase in 9. sales, cost of goods sold in the first proforma year is 115*50%-57.5 10. Manson LLC has base sales of 100 and maintenance expense is 33% of sales. Assuming a 15% increase l sales, maintenance expense for the first pro forma year is? 33% * 115 37.95