Accounting terminology
Listed below are eight technical accounting terms introduced in this chapter:
Each of the following statements may (or may not) describe one of these technical terms. For each statement, indicate the term described, or answer "None" if the statement does not correctly describe any of the terms.
____ (a) The percentage of total assets financed by creditors.
____ (b) A measure of the effectiveness with which management utilizes a company's resources, regardless of how those resources are financed.
____(c) A company's percentage share of total dollar sales within its industry.
____ (d) Current assets less current liabilities.
____ (e) A measure reflecting investors' expectations of future profitability.
____ (f) A measure of short-term solvency often used when a company has large inventories that cannot be quickly converted into cash.
____ (g) A ratio that helps individual stockholders relate the net income of a large corporation to their equity investment.
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Q120: Claret Corporation's accounts receivable turnover for 2009
Q121: Multiple-step income statement
Shown below is a recent
Q122: Measures of solvency and credit risk
Shown below
Q123: Profitability measures
Shown below is a recent income
Q124: Financial ratios
Shown below are some key
Q126: Eleva Corporation's days to sell the average
Q127: Current ratio and working capital
The balance
Q128: Use and interpretation of financial measurements
Shown below
Q129: Eleva Corporation's days to collect accounts receivable
Q130: Namekagon Corporation's return on common stockholders' equity
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