Quiz

1. 1. (TCO A) Which do you think provides a more valid measure of how a company is doing: comparison of current results with historical results or comparison of current results with the current results of another company? (Points : 5)

2.2. (TCO A) As of December 31, 20XX, David Corp's accounts payable were $4,000,000. Its accounts receivable were $2,200,000, and its sales for 20XX were $32,000,000. What was its day’s sales outstanding? (Points : 5)

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3. (TCO A) Between December 31, 2016 and December 31, 2017, ROE at Bobcat Industries decreased even though sales increased. Using the DuPont Identity, explain what else could have happened to cause this. (Points : 10)