Ch_03_Analysis_of_Financial_Statements

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1、Ch03AnalysisofFinancialStatements1. Ratioanalysisinvolvesanalyzingfinancialstatementsinordertoappraiseafirm'sfinancialpositionandstrength. a. True b. FalseANSWER:  TruePOINTS:  1DIFFICULTY:  Difficulty:EasyQUESTION TYPE:  True/FalseHAS VARIABLES:  FalseLEARNING OBJEC

2、TIVES:  FMTP.EHRH.17.03.01-LO:3-1NATIONAL STANDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  UnitedStates-AK-DISC:Financialstatements,anal-DISC:Financialstatements,analysis,forecasting,andcashflowsLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-TBATOP

3、ICS:  RatioanalysisKEYWORDS:  Bloom’s:KnowledgeDATE CREATED:  8/26/201510:43AMDATE MODIFIED:  8/26/201510:43AMQUESTION ID:  JFND-GO4G-EO5U-KQB3QUESTION GLOBAL ID:  GCID-E7BW-1TBP-CRHD-1CBI-CE4S-GC33-CW31-4CDB-CJO1-4CUR-CW4N-4PT1-GY41-4CJT-8R4D-NCDN-CTDI-GWN8-EPRW-EMJ

4、W-GPUG-EPDD-GW4S-NA3U-CASU-NPDR-8YSS-NPUF-GOSS-CQBI-GRSU-KC33-CE3S-CA3O-E7JI-YT4D-JFNN-4OTI-GO4W-NQNBEE2. The"apparent,"butnotthe"true,"financialpositionofacompanywhosesalesareseasonalcandifferdramatically,dependingonthetimeofyearwhenthefinancialstatementsareconstruc

5、ted. a. True b. FalseANSWER:  TrueRATIONALE:  Manyoftheratiosshowsalesoversomepastperiodsuchasthelast12monthsdividedbyanassetsuchasinventoriesasofaspecificdate.Assetslikeinventoriesvaryatdifferenttimesoftheyearforaseasonalbusiness,thusleadingtobigchangesintheratio.PO

6、INTS:  1DIFFICULTY:  Difficulty:EasyQUESTION TYPE:  True/FalseHAS VARIABLES:  FalseLEARNING OBJECTIVES:  FMTP.EHRH.17.03.01-LO:3-1NATIONAL STANDARDS:  UnitedStates-BUSPROG:ReflectiveThinkingSTATE STANDARDS:  UnitedStates-AK-DISC:Financialstatements,anal-DISC:Financia

7、lstatements,analysis,forecasting,andcashflowsLOCAL STANDARDS:  UnitedStates-OH-DefaultCity-TBATOPICS:  BalancesheetchangesKEYWORDS:  Bloom’s:KnowledgeDATE CREATED:  8/26/201510:43AMDATE MODIFIED:  8/26/201510:43AMQUESTION ID:  JFND-GO4G-EO5U-KQBACengageLearningTestin

8、g,PoweredbyCogneroPage 80Ch03AnalysisofFinancialStatementsQUESTION GLOBAL ID:  GCID-E7BW-1TBP-CRHD-1CBI-CE4S-GC33-CW31-4CDB-CJO1-4C