Question
The financial results for Madison Manufacturing, Inc. are shown below: 2019 2018 2017 Sales trend 122.0 115.0 100.0 Current ratio 2.5 2.3 2.2 Gross profit
The financial results for Madison Manufacturing, Inc. are shown below:
| 2019 | 2018 | 2017 | |||||||
| Sales trend |
| 122.0 |
|
| 115.0 |
|
| 100.0 |
|
| Current ratio |
| 2.5 |
|
| 2.3 |
|
| 2.2 |
|
| Gross profit ratio |
| 46.0% |
|
| 48.2% |
|
| 49.1% |
|
The line item sales trend above is an example of:
Multiple Choice
-
ratio analysis
-
vertical analysis
-
inventory analysis
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Case Studies In Forensic Accounting And Fraud Auditing
Authors: Professor D. Larry Crumbley, Wilson LaGraize, Christopher E. Peters
2nd Edition
0808041932, 978-0808041931
