Common-size financial statement

Assignment Help Financial Accounting

Reference no: EM13752939

1) A common-size financial statement is one in which each number is expressed

A) As a percentage of some base number for the firm(such as total assets or revenues)

B)as a % of an industry average (such as rate of return)

C) as a % of a stock market average (such as market capitalization)

D) as a % of a national average(such as per capita GDP

2) which of the following ratios is incorrect?

A) Current ratio=Current assets/Current Liabilities

B) Quick ratio=(current assets-Inventory)/Current liabilities

C) Inventory turnover=(cost of goods sold)/Inventory

D) Days Sales outstanding =365/Accounts payable turnover

Reference no: EM13752939

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