ACCT 503 Week 7 Quiz (Syllabus, 2019)

ACCT 503 Week 7 Quiz (Syllabus, 2019)

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QC13-9

Clarke Company's financial statements follow:

 

Clarke Company

Consolidated Balance Sheets

December 31, 2016 and 2015

 

QC13-13

 

On December 31, 2016, Patterson's common stock sold for $32 per share, and dividends per share were 0.75.  Compute

Patterson's dividend yield during 2016.

 

 

Q13-46

 

The Jacksonville Medical Corporation financial statements follow:

 

Jacksonville Medical Corporation

 

 

13.1-10

 

The primary focus of horizontal analysis is:

 

A. the balance sheet only.

 

B. the income statement only.

 

C. the amount of individual financial statement line items as a percentage of some related total, such as total assets.

 

D. percentage changes in line items from comparative financial statements.

 

QC13-3

 

Which item on Casey's income statement has the most favorable trend during 2015, 2016?

 

Casey Company

Consolidated Balance Sheets

December 31, 2016 and 2015

 

 

QC13-11

 

Casey Company's financial statements follow:

 

Casey Company

Consolidated Balance Sheets

December 31, 2016 and 2015

 

Q13-44

 

The Burlington Medical Corporation financial statements follow:

 

 

A. $33,691.

 

B. 129.2 times.

 

C. 78 times.

.

 

D.very slow.

 

 

 

Q13-42

 

The Jacksonville Medical Corporation financial statements follow:

 

 

A. 133.0%.

 

B. $33,792 million.

 

C. 80.2%.

 

D. Up by 15.9%.

 

 

QC13-8

 

Casey Company's financial statements follow:

 

Casey Company

Consolidated Balance Sheets

December 31, 2016 and 2015

A. 2 days.

 

B. 32 days.

 

C. 17 days.

 

D. 1 day.

 

 

QC13-1

 

Horizontal analysis of Renda's income statement for 2016 would show which of the following for selling, general, and administrative expenses?

 

 

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