ACG3173 Exam 2 Practice

University

•

80 Qs

Similar activities

Chapter 1 Review

11th Grade - University

•

77 Qs

KIP KULIAH TEST SESI 2 ( LINGUISTIK )

University

•

81 Qs

Trigonometric Ratios and Unit Circle Plus Spiral Review

9th Grade - University

•

75 Qs

Precalc Final Review 1: Exponential and Logarithmic Equation

11th Grade - University

•

83 Qs

Decimal Review

5th Grade - University

•

75 Qs

Geometry End of Year Review

8th Grade - University

•

75 Qs

4.1 Quadratics Practice

9th Grade - University

•

75 Qs

SC Ready Prep

7th Grade - University

•

80 Qs

ACG3173 Exam 2 Practice

Quiz

•

Mathematics

•

University

•

Practice Problem

•

Medium

•

CCSS

HSA.CED.A.1, 7.RP.A.3, HSA.CED.A.2

+17

Standards-aligned

Cassie Acevedo

Used 2+ times

FREE Resource

80 questions

Show all answers

FILL IN THE BLANK QUESTION

15 mins • 1 pt

The following is a summary of information presented on the financial statements of a company on December 31, 20X9.
With respect to net sales revenue, a horizontal analysis reveals a ______% increase in net sales revenue. Note please answer to the nearest whole number percentage.

Answer explanation

20x9 Net Revenue
- 20x8 Net Revenue
Increase in Revenue
/ 20x8 Net Revenue
% Increase in Net Revenue

Tags

CCSS.6.RP.A.3C

FILL IN THE BLANK QUESTION

15 mins • 1 pt

The following is a summary of information presented on the financial statements of a company on December 31, 20X9.
With respect to long-term liabilities, a horizontal analysis reveals a ______% decrease in long-term liabilities. Note please answer to the nearest whole number percentage.

Answer explanation

20x9 Long-Term Liabilities
- 20x8 Long-Term Liabilities
Decrease in Long-Term Liabilities
/ 20x8 Long-Term Liabilities
% Decrease in Long-Term Liabilities

Tags

CCSS.6.RP.A.3C

FILL IN THE BLANK QUESTION

15 mins • 1 pt

Starfruit Inc. provides the following data for the year 20X9:
Net Sales Revenue: $420,000
Cost of Goods Sold: $315,000
The cost of goods sold as a percentage of net sales revenue is ______%. Note please answer to the nearest whole number percentage.

Answer explanation

Cost of Goods Sold
/ Net Sales Revenue
% Revenue of COGS

Tags

CCSS.6.RP.A.3C

FILL IN THE BLANK QUESTION

15 mins • 1 pt

Fig Company reported the following amounts on its balance sheet as of December 31, 20X9 and December 31, 20X8:
For the vertical analysis, what is the percentage of total liabilities expressed as a function of total assets for December 31, 20X8?

Answer explanation

20x8 Total Liabilities
/ 20x8 Total Assets
% of Total Liabilities

Tags

CCSS.HSA.CED.A.1

CCSS.HSA.CED.A.4

CCSS.HSA.REI.B.3

CCSS.HSA.SSE.A.1

FILL IN THE BLANK QUESTION

15 mins • 1 pt

Avocado Company reported the following amounts on its balance sheet as of December 31, 20X9 and December 31, 20X8:
For the vertical analysis, what is the percentage of current assets expressed as a function of total assets as of December 31, 20X9?

Answer explanation

20x9 Cash and Receivables
+ 20x9 Merchandise Inventory
20x9 Total Current Assets
/ 20x9 Total Assets
% of 20x9 Current Assets

Tags

CCSS.6.RP.A.3C

FILL IN THE BLANK QUESTION

15 mins • 1 pt

The financial statements of Persimmon Company include the following items:
What is working capital for 20X9?

Answer explanation

20x9 Cash
+ 20x9 Short-Term Investment
+ 20x9 Net Account Receivables
+ 20x9 Merchandise Inventory
20x9 Current Assets
- 20x9 Total Current Liabilities
20x9 Working Capital

FILL IN THE BLANK QUESTION

15 mins • 1 pt

The financial statements for Banana Company include the following items:
Compute the current ratio for 20X8. Note please answer to two decimal places.

Answer explanation

Part 1:
20x8 Cash
+ 20x8 Short-Term Investments
+ 20x8 Net Accounts Receivable
+ 20x8 Merchandise Inventory
20x8 Current Assets
Part 2:
20x8 Accounts Payable
+ 20x8 Salaries Payable
20x8 Current Liabilities
Part 3:
20x8 Current Assets
/ 20x8 Current Liabilities
20x8 Current Ratio

Tags

CCSS.HSA.CED.A.4

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever

or continue with

Microsoft

Apple

Others

Already have an account?

Similar Resources on Wayground

80 questions

Adv Algebra 2 Fall Final Review

Quiz

•

10th Grade - University

80 questions

Digital Resilience Quiz

Quiz

•

University

Popular Resources on Wayground

10 questions

Honoring the Significance of Veterans Day

Interactive video

•

6th - 10th Grade

9 questions

FOREST Community of Caring

Lesson

•

1st - 5th Grade

10 questions

Exploring Veterans Day: Facts and Celebrations for Kids

Interactive video

•

6th - 10th Grade

19 questions

Veterans Day

Quiz

•

5th Grade

14 questions

General Technology Use Quiz

Quiz

•

8th Grade

25 questions

Multiplication Facts

Quiz

•

5th Grade

15 questions

Circuits, Light Energy, and Forces

Quiz

•

5th Grade

19 questions

Thanksgiving Trivia

Quiz

•

6th Grade

Discover more resources for Mathematics

25 questions

Integer Operations

Quiz

•

KG - University

10 questions

Graphing Exponential & Logarithm Functions

Quiz

•

10th Grade - University

20 questions

Exponents Multiplication

Quiz

•

7th Grade - University

11 questions

Solve systems by graphing and substitution

Quiz

•

KG - University

ACG3173 Exam 2 Practice

80 questions

The following is a summary of information presented on the financial statements of a company on December 31, 20X9.
With respect to net sales revenue, a horizontal analysis reveals a ______% increase in net sales revenue. Note please answer to the nearest whole number percentage.

20x9 Net Revenue
- 20x8 Net Revenue
Increase in Revenue
/ 20x8 Net Revenue
% Increase in Net Revenue

The following is a summary of information presented on the financial statements of a company on December 31, 20X9.
With respect to long-term liabilities, a horizontal analysis reveals a ______% decrease in long-term liabilities. Note please answer to the nearest whole number percentage.

20x9 Long-Term Liabilities
- 20x8 Long-Term Liabilities
Decrease in Long-Term Liabilities
/ 20x8 Long-Term Liabilities
% Decrease in Long-Term Liabilities

Starfruit Inc. provides the following data for the year 20X9:
Net Sales Revenue: $420,000
Cost of Goods Sold: $315,000
The cost of goods sold as a percentage of net sales revenue is ______%. Note please answer to the nearest whole number percentage.

Cost of Goods Sold
/ Net Sales Revenue
% Revenue of COGS

Fig Company reported the following amounts on its balance sheet as of December 31, 20X9 and December 31, 20X8:
For the vertical analysis, what is the percentage of total liabilities expressed as a function of total assets for December 31, 20X8?

20x8 Total Liabilities
/ 20x8 Total Assets
% of Total Liabilities

Avocado Company reported the following amounts on its balance sheet as of December 31, 20X9 and December 31, 20X8:
For the vertical analysis, what is the percentage of current assets expressed as a function of total assets as of December 31, 20X9?

20x9 Cash and Receivables
+ 20x9 Merchandise Inventory
20x9 Total Current Assets
/ 20x9 Total Assets
% of 20x9 Current Assets

The financial statements of Persimmon Company include the following items:
What is working capital for 20X9?

20x9 Cash
+ 20x9 Short-Term Investment
+ 20x9 Net Account Receivables
+ 20x9 Merchandise Inventory
20x9 Current Assets
- 20x9 Total Current Liabilities
20x9 Working Capital

The financial statements for Banana Company include the following items:
Compute the current ratio for 20X8. Note please answer to two decimal places.

Part 1:
20x8 Cash
+ 20x8 Short-Term Investments
+ 20x8 Net Accounts Receivable
+ 20x8 Merchandise Inventory
20x8 Current Assets
Part 2:
20x8 Accounts Payable
+ 20x8 Salaries Payable
20x8 Current Liabilities
Part 3:
20x8 Current Assets
/ 20x8 Current Liabilities
20x8 Current Ratio

Lime, Inc. has net sales on account of $1,500,000. The average net accounts receivable are $600,000. Calculate the days' sales in receivables. Note please answer to the nearest whole day. Make sure to round your answer.

Average Net Accounts Receivable
/ Net Sales on Account
x 365 Days
Days Sales in Receivable

Mango, Inc.’s cost of goods sold for the year is $2,531,250 and the average merchandise inventory for the year is $125,000. Calculate the inventory turnover ratio of the company. Note please answer to two decimal places.

Cost of Goods Sold
/ Average Merchandise Inventory
Inventory Turnover Rate

Guava, Inc. provides the following data:
For the year ending December 31, 20X9:
Net Credit Sales: $320,000
Cost of Goods Sold: ($111,250)
Gross Profit: $208,750
Calculate the days' sales in inventory for 20X9. Note please answer to the nearest whole day.

20x9 Merchandise Inventory
+ 20x8 Merchandise Inventory
/ 2
Average Inventory
/ 20x9 Cost of Goods Sold
x 365 Days
20x9 Days Sales Inventory

Create a free account and access millions of resources

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Mathematics

ACG3173 Exam 2 Practice

80 questions

The following is a summary of information presented on the financial statements of a company on December 31, 20X9.With respect to net sales revenue, a horizontal analysis reveals a ______% increase in net sales revenue. Note please answer to the nearest whole number percentage.

20x9 Net Revenue- 20x8 Net RevenueIncrease in Revenue/ 20x8 Net Revenue% Increase in Net Revenue

The following is a summary of information presented on the financial statements of a company on December 31, 20X9.With respect to long-term liabilities, a horizontal analysis reveals a ______% decrease in long-term liabilities. Note please answer to the nearest whole number percentage.

20x9 Long-Term Liabilities- 20x8 Long-Term LiabilitiesDecrease in Long-Term Liabilities/ 20x8 Long-Term Liabilities% Decrease in Long-Term Liabilities

Starfruit Inc. provides the following data for the year 20X9:Net Sales Revenue: $420,000Cost of Goods Sold: $315,000The cost of goods sold as a percentage of net sales revenue is ______%. Note please answer to the nearest whole number percentage.

Cost of Goods Sold/ Net Sales Revenue% Revenue of COGS

Fig Company reported the following amounts on its balance sheet as of December 31, 20X9 and December 31, 20X8:For the vertical analysis, what is the percentage of total liabilities expressed as a function of total assets for December 31, 20X8?

20x8 Total Liabilities/ 20x8 Total Assets% of Total Liabilities

Av​ocado Company reported the following amounts on its balance sheet as of December 31, 20X9 and December 31, 20X8:For the vertical analysis, what is the percentage of current assets expressed as a function of total assets as of December 31, 20X9?

20x9 Cash and Receivables+ 20x9 Merchandise Inventory 20x9 Total Current Assets/ 20x9 Total Assets% of 20x9 Current Assets

The financial statements of Persimmon Company include the following items:What is working capital for 20X9?

20x9 Cash+ 20x9 Short-Term Investment+ 20x9 Net Account Receivables+ 20x9 Merchandise Inventory20x9 Current Assets- 20x9 Total Current Liabilities20x9 Working Capital

The financial statements for Banana Company include the following items:Compute the current ratio for 20X8. Note please answer to two decimal places.

Part 1:20x8 Cash+ 20x8 Short-Term Investments+ 20x8 Net Accounts Receivable+ 20x8 Merchandise Inventory20x8 Current AssetsPart 2:20x8 Accounts Payable+ 20x8 Salaries Payable20x8 Current LiabilitiesPart 3:20x8 Current Assets/ 20x8 Current Liabilities20x8 Current Ratio

Lime, Inc. has net sales on account of $1,500,000. The average net accounts receivable are $600,000. Calculate the days' sales in receivables. Note please answer to the nearest whole day. Make sure to round your answer.

Average Net Accounts Receivable/ Net Sales on Accountx 365 DaysDays Sales in Receivable

Mango, Inc.’s cost of goods sold for the year is $2,531,250 and the average merchandise inventory for the year is $125,000. Calculate the inventory turnover ratio of the company. Note please answer to two decimal places.

Cost of Goods Sold/ Average Merchandise InventoryInventory Turnover Rate

Guava, Inc. provides the following data:For the year ending December 31, 20X9:Net Credit Sales: $320,000 Cost of Goods Sold: ($111,250)Gross Profit: $208,750Calculate the days' sales in inventory for 20X9. Note please answer to the nearest whole day.

20x9 Merchandise Inventory+ 20x8 Merchandise Inventory/ 2Average Inventory/ 20x9 Cost of Goods Soldx 365 Days20x9 Days Sales Inventory

Create a free account and access millions of resources

Similar Resources on Wayground

Popular Resources on Wayground

Discover more resources for Mathematics

The following is a summary of information presented on the financial statements of a company on December 31, 20X9.
With respect to net sales revenue, a horizontal analysis reveals a ______% increase in net sales revenue. Note please answer to the nearest whole number percentage.

20x9 Net Revenue
- 20x8 Net Revenue
Increase in Revenue
/ 20x8 Net Revenue
% Increase in Net Revenue

The following is a summary of information presented on the financial statements of a company on December 31, 20X9.
With respect to long-term liabilities, a horizontal analysis reveals a ______% decrease in long-term liabilities. Note please answer to the nearest whole number percentage.

20x9 Long-Term Liabilities
- 20x8 Long-Term Liabilities
Decrease in Long-Term Liabilities
/ 20x8 Long-Term Liabilities
% Decrease in Long-Term Liabilities

Starfruit Inc. provides the following data for the year 20X9:
Net Sales Revenue: $420,000
Cost of Goods Sold: $315,000
The cost of goods sold as a percentage of net sales revenue is ______%. Note please answer to the nearest whole number percentage.

Cost of Goods Sold
/ Net Sales Revenue
% Revenue of COGS

Fig Company reported the following amounts on its balance sheet as of December 31, 20X9 and December 31, 20X8:
For the vertical analysis, what is the percentage of total liabilities expressed as a function of total assets for December 31, 20X8?

20x8 Total Liabilities
/ 20x8 Total Assets
% of Total Liabilities

Avocado Company reported the following amounts on its balance sheet as of December 31, 20X9 and December 31, 20X8:
For the vertical analysis, what is the percentage of current assets expressed as a function of total assets as of December 31, 20X9?

20x9 Cash and Receivables
+ 20x9 Merchandise Inventory
20x9 Total Current Assets
/ 20x9 Total Assets
% of 20x9 Current Assets

The financial statements of Persimmon Company include the following items:
What is working capital for 20X9?

20x9 Cash
+ 20x9 Short-Term Investment
+ 20x9 Net Account Receivables
+ 20x9 Merchandise Inventory
20x9 Current Assets
- 20x9 Total Current Liabilities
20x9 Working Capital

The financial statements for Banana Company include the following items:
Compute the current ratio for 20X8. Note please answer to two decimal places.

Part 1:
20x8 Cash
+ 20x8 Short-Term Investments
+ 20x8 Net Accounts Receivable
+ 20x8 Merchandise Inventory
20x8 Current Assets
Part 2:
20x8 Accounts Payable
+ 20x8 Salaries Payable
20x8 Current Liabilities
Part 3:
20x8 Current Assets
/ 20x8 Current Liabilities
20x8 Current Ratio

Average Net Accounts Receivable
/ Net Sales on Account
x 365 Days
Days Sales in Receivable

Cost of Goods Sold
/ Average Merchandise Inventory
Inventory Turnover Rate

Guava, Inc. provides the following data:
For the year ending December 31, 20X9:
Net Credit Sales: $320,000
Cost of Goods Sold: ($111,250)
Gross Profit: $208,750
Calculate the days' sales in inventory for 20X9. Note please answer to the nearest whole day.

20x9 Merchandise Inventory
+ 20x8 Merchandise Inventory
/ 2
Average Inventory
/ 20x9 Cost of Goods Sold
x 365 Days
20x9 Days Sales Inventory