Question 1

What are the most important current liabilities?

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Question 2

How would an accountant classify buildings,store fixtures,heavy equipment,and long-term investments such as real estate or stock in other firms?

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Question 3

Name one example of an accrued liability.

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Question 4

What is the investment owners have in a business called?

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Question 5

In 2008,Claudia's Gems had net sales of $220,000,total assets of $390,000,total liabilities of $109,000,a cost of goods sold of $69,000,expenses of $82,000,and net profit after taxes of $29,000.Calculate the store's return on assets ratio.

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Question 6

In 2008,Claudia's Gems had net sales of $220,000,total assets of $390,000,total liabilities of $205,000,a cost of goods sold of $69,000,expenses of $82,000,and net profit after taxes of $29,000.Calculate the store's asset turnover ratio.

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Question 7

In 2008,Claudia's Gems had net sales of $220,000,a cost of goods sold of $69,000,expenses of $82,000,and net profit after taxes of $29,000.Calculate the store's net profit margin.

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Question 8

Why could accounts receivable be considered an important service provided to the customers of a discount furniture store?

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Question 9

Name a type of retailer that would not be worried about inventory turnover ratios.

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Quiz 8: Financial Strategy

What are the most important current liabilities?

How would an accountant classify buildings,store fixtures,heavy equipment,and long-term investments such as real estate or stock in other firms?

Name one example of an accrued liability.

What is the investment owners have in a business called?

In 2008,Claudia's Gems had net sales of $220,000,total assets of $390,000,total liabilities of $109,000,a cost of goods sold of $69,000,expenses of $82,000,and net profit after taxes of $29,000.Calculate the store's return on assets ratio.

In 2008,Claudia's Gems had net sales of $220,000,total assets of $390,000,total liabilities of $205,000,a cost of goods sold of $69,000,expenses of $82,000,and net profit after taxes of $29,000.Calculate the store's asset turnover ratio.

In 2008,Claudia's Gems had net sales of $220,000,a cost of goods sold of $69,000,expenses of $82,000,and net profit after taxes of $29,000.Calculate the store's net profit margin.

Why could accounts receivable be considered an important service provided to the customers of a discount furniture store?

Name a type of retailer that would not be worried about inventory turnover ratios.