Vertical analysis can be used to analyze changes except a. on a balance sheet. O b. on an income statement. O c. on a statement of cash flows. O d. over time.
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- Which statement is most directly affected by a change to net income? A. balance sheet B. income statement C. statement of retained earnings D. statement of cash flowsWhich of the following fi nancial statements is generallyprepared fi rst?a. Income statement.b. Balance sheet.c. Statement of retained earnings.d. Statement of cash fl ows.When performing vertical analysis of a balance sheet, the base amount is ________. A gross profit B total cash and cash equivalents C net income D total assets
- Expressing accounts receivable as a percentage of total assets is an example ofa. ratio analysis.b. vertical analysis.c. horizontal analysis.d. trend analysis.The cash flow statement takes accrual basis statements and converts them to a cash flow for the period. True FalseContrast the aims of the income statement, the balance sheet, and the cash flow statement;
- What is needed to solve a Return on Assets? Balance sheet only or Balance Sheet with Income Statement?Which of the following accounts is least likely to have its balance change on the worksheet? a. Salaries Payable. b. Supplies. c Accumulated Depreciation. d. Sharer Capital-ordinary2) POINT OUT THE MAJOR DIFFERENCES OF BALANCE SHEET (B/S), INCOME STATEMENT (I/S) AND CASH FLOW STATEMENT
- Differentiate between net income, EPS, EBITDA,net cash flow, NOPAT, free cash flow, MVA, and EVA. What is the primary purpose of eachitem; that is, when and how is it used?The income statement shows “flows” over a periodof time, while the balance sheet shows accounts ata given point in time. Explain how these two conceptsare combined when we calculate free cash flow.The acid-test ratio is a. Current assets divided by current liabilities.b. Cash and current investments divided by current liabilities.c. Cash, current investments, and accounts receivable divided by current liabilities.d. Cash, current investments, accounts receivable, and inventory divided by current liabilities.