11) Which of the following is NOT a way to accurately determine the financial performance of a company? A) carefully examining one year of data B) evaluating a company's performance from year to year C) comparing a company's performance with a competing company D) comparing a company's performance with the same industry as a whole 11)
12) Annual reports. A) are required to be prepared by every corporation B) discuss the company's competitors and the risks related to the company's business C) are also called a Form 10-Q D) only include the company's financial statements 12) 13) Which of the following is used to determine how the sales revenue of a company has changed from one year to the next? A) vertical analysis of the balance sheet B) horizontal analysis of the income statement C) horizontal analysis of the balance sheet D) vertical analysis of the income statement 13) 14) The trend analysis report of Poplar, Inc. is given below (in millions): 2018 2017 $606 $459 152% 115% 2015 $400 2016 $406 102% 2019 $700 175% Net income Trend percentages 100% Which of the following is a correct conclusion from the above analysis? A) Net income for 2019 is 175% of net income for 2015. B) Net income for 2018 is 152% of the previous year. C) Net income for 2018 decreased by 152% from 2017. D) Net income for 2019 increased by 175% from 2018. 14). 15) When performing vertical analysis of a balance sheet, the base amount is A) total assets B) total cash and cash equivalents C) net income D) gross profit 15)
11) Which of the following is NOT a way to accurately determine the financial performance of a company? A) carefully examining one year of data B) evaluating a company's performance from year to year C) comparing a company's performance with a competing company D) comparing a company's performance with the same industry as a whole 11)
12) Annual reports. A) are required to be prepared by every corporation B) discuss the company's competitors and the risks related to the company's business C) are also called a Form 10-Q D) only include the company's financial statements 12) 13) Which of the following is used to determine how the sales revenue of a company has changed from one year to the next? A) vertical analysis of the balance sheet B) horizontal analysis of the income statement C) horizontal analysis of the balance sheet D) vertical analysis of the income statement 13) 14) The trend analysis report of Poplar, Inc. is given below (in millions): 2018 2017 $606 $459 152% 115% 2015 $400 2016 $406 102% 2019 $700 175% Net income Trend percentages 100% Which of the following is a correct conclusion from the above analysis? A) Net income for 2019 is 175% of net income for 2015. B) Net income for 2018 is 152% of the previous year. C) Net income for 2018 decreased by 152% from 2017. D) Net income for 2019 increased by 175% from 2018. 14). 15) When performing vertical analysis of a balance sheet, the base amount is A) total assets B) total cash and cash equivalents C) net income D) gross profit 15)
Answer
11.
Carefully examining one year of data is not a way to accurately
determine the financial performance of a company.
Correct option is (A)
12.
Annual reports are required to be prepared by every
corporation
Correct option is (A)
13.
Horizontal analysis of the income statement is used to determine
how the sales revenue of a company has changed from one year to the
next.
Correct option is (B)
14.
Net income for 2019 is 175% on net income for 2015 is a correct
conclusion from the given table.
Correct option is (A)
15.
When performing vertical analysis of a balance sheet, the base
amount is total assets
Correct option is (A)
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