Multiple Questions Answers

1. Prepare a trend analysis from the following sales, assuming a base year
07. Round to
the nearest whole percent.
2010 2009 2008 2007
$25,000 $40,000 $45,000 $50,000
A. 2%, 1.25%, 1.10%, 1.0%
B. 25%, 40%, 45%, 100%
C. 50%, 80%, 90%, 1.00%
D. 50%, 80%, 90%, 100%
For questions 25–28, use the following amounts.
Total current assets (CA) $20,000
Accounts receivable (AR) $10,000
Current liabilities (CL) $11,000
Inventory (INV) $4,000
Net sales $30,000
Total assets $25,000
Net income $5,000

2. Calculate current ratio.
A. 1.82
B. 1.80
C. 1.28
D. .182



3. Calculate acid test.
A. 1.52
B. 1.45
C. .152
D. .145


4. When a bond is selling for more than its face value, it’s selling at a
A. coupon rate.
B. premium.
C. discount.
D. debenture