Which of the following statements about income statement is NOT true?

Group of answer choices

It usually covers a period of time, such a year or a quarter.

Net income goes to cash dividend and additions to retained earnings.

Net income represents the actual cash flow that the firm generates over this time period.

Net income divided by total number of shares outstanding is the earnings per share.

In 2020, Amazon had the total sales of $386,064 million, costs of $291,824 million, and net income of $21,331 million. What would be the percentage for net income in its 2020 common size income statement?

Group of answer choices

100.00%

5.53%

7.31%

75.59%

In 2020, Amazon had the total current assets of $132,733 million, total assets of $321,195 million, and total liabilities of $227,791 million. What would be the percentage for total fixed assets in its 2018 common size balance sheet?

Group of answer choices

70.92%

41.32%

58.68%

29.08%

Which of the following is NOT the main activities listed on cash flow statement?

Group of answer choices

Financing activities

Growing activities

Investing activities

Operating activities

You conduct a common balance sheet analysis on Disney. You find that its long-term debt increased from 35.44% to 43.00% in the latest two years. How would you interpret this finding?

Group of answer choices

It does not tell any information about the companys long-term debt.

The company increased its long-term debt when compared to total assets in the past two years.

The company borrows less in long-term debt when compared to total assets in the past two years.

The total long-term debt went down in terms of the dollar amount over this time period.

In 2020, Amazon had the total current assets of $132,733 million, total assets of $321,195 million, and total liabilities of $227,791 million.

a. What would be the percentage for total current assets in its 2020 common size balance sheet?

41.32%

70.92%

29.08%

58.68%

b. What would be the percentage for total assets in its 2020 common size balance sheet?

41.32%

100.00%

70.92%

58.68%

c. What would be the percentage for total liabilities in its 2020 common size balance sheet?

70.92%

41.32%

58.68%

29.08%

In 2020, Amazon had the total sales of $386,064 million, costs of $291,824 million, and net income of $21,331 million. What would be the percentage for costs in its 2020 common size income statement?

Group of answer choices

100.00%

75.59%

5.53%

7.31%