Trend percent is calculated as current year divided by year

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Reference no: EM131266702

1. The total asset dollar amount is typically used as the base for a common size balance sheet analysis.

True or false

2. A trend percent is calculated as the current year divided by the base year.

True or false

3. During 2013, Columbia inc. had beginning accounts receivable of 680,000 and ending ac- accounts receivable of 760,000. It's net sales 4,500,000 are composed of 20%cash sales and 80% credit sales. Based on this information , what is Columbias average collection period?

A. 58.4 days

B. 292.0 days

C. 73.0 days

D.5.0 days

E. None

4. A common size analysis converts each line of financial statement data to an easily comparable amount measured in percent form .

True or false

5. If a company's return on assets is higher than its return on shareholders equity then it has positive financial leverage.

True or false

Reference no: EM131266702

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