true / false

DQuestion 9 2 pts Vertical analysis examines changes in financial data across time True O False Question 10 2 pts Solvency ratios measure a company's ability to meet its debt obligations and continuing operating over time. O True O False DQuestion 11 2 pts Income effects of discontinued operations are reported separately from continuing operations on the income statement. O True O False D Question 12 2 pts One key measure of profitability is the debt-to-equity ratio. O True False DQuestion 13 2 pts The following is selected balance sheet and income statement information for Lopez Company for 2016: Current Assets $48,062 Gross Proft on Sales $200,680 Net Sales$450,009 Net Income $45,216 Average Total Assets $273,710 Average Common Stockholders' Equity $151.668 Lopez Company's gross profit percentage is 44.6% True or False? True ) False 2 pts D | Question 14 The following is selected balance sheet and income statement information for Lopez Company for 2016: Current Assets $48,062 Gross Profit on Sales $200,680 Net Sales $450,009 Net Income $45,216 Average Total Assets $273,710 Average Common Stockholders Equity $151,668 Lopez Company's return on sales is 20% O True O False D | Question 15 2 pts ABC Company has a 2-for-1 stock split of 50,000 shares of $2 par value stock. After the split, there are 100,000 shares of $2 par value stock O True O False . False D Question 16 2 pts Harry's Motor Corporation had net income of $325,000 for 2016. Also during 2016, the company paid out $10,000 in dividends and repurchased 20,000 shares of treasury stock at $10 per share. The total change in stockholders' equity was $115,000. O True O False D Question 17 2 pts D Question 19 2 pts Cash dividends reduce both cash and retained earnings by the amount of the dividends paid. O True O False D | Question 20 2 pts No-par stock refers to the stock of a corporation whose current market price has fallen below its par value O True O False