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Which of the following accounts would not be included when calculating the Current Ratio: A. Supplies B. Prepaid Rent C. Interest Payable D. Interest Revenue

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Which of the following accounts would not be included when calculating the Current Ratio: A. Supplies B. Prepaid Rent C. Interest Payable D. Interest Revenue Classifying balance sheets allow us to make certain numbers visible for the reader. These numbers allow the reader to build ratios and use them effectively. Which ratios can be built from a classified balance sheet? A. Income Expense ratio B. Working Capital C. Current ratio D. A and B only E. B and C only F. A, B, &C Which of the following statements presents a firm's financial information at a single date? A. General Journal B. Trial Balance C. Income Statement D. Statement of Owner's Equity E. None of the above Based upon Step 7 in the Accounting Cycle, what is the correct order for producing financial statements? F. Order does not matter G. Balance Sheet - Statement of Owner's Equity - Income Statement H. Income Statement - Statement of Owner's Equity - Balance Sheet 1. Financial statements - Closing Entries - Post Close Trial Balance J. Analyze - Journalize - Post to Ledgers - Unadjusted Trial Balance K. None of the above

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