Which one of the following ratios is a test of a company's short-term debt-paying ability?

Question 2 options:

	profit margin
	price/earnings
	acid-test
	times interest earned

In horizontal analysis:

Question 3 options:

	changes in a company's operating results and financial position over time are expressed in percentages as well as dollars
	monetary relationships between items on the financial statements of a period are expressed in percentages as well as dollars
	financial statements are expressed only in percentages
	liquidity ratios, generally involving components of the company's working capital, are computed

Which of the following auditor opinions would be appropriate when the auditor is unable to determine if a company's statements were prepared in conformity with GAAP?

Question 4 options:

	adverse opinion
	qualified opinion
	disclaimer of opinion
	unqualified opinion

One test of a company's liquidity is the:

Question 5 options:

	debt ratio
	acid-test ratio
	return on stockholders' equity
	price-earnings ratio