题目内容

Marcus Corp.抯 balance sheet as of December 31, 2001 is as follows (in $ millions):
Cash 30 Accounts Payable 15
Accounts Receivable 15 Long-term Debt 30
Inventory 15 Common Stock 45
Property, Plant & Equip.(net) 60 Retained Earnings 30
Total Assets 120 Total Liabilities & Equity 120
Marcus Corp.抯 current ratio is:

A. 4.0.
B. 3.0.
C. 2.0.
D. 1.0.

查看答案
更多问题

Selected financial data from Flag, Inc 抯 financial statements for the years ended December
31, 2000 and 2001 are as follows (in $ millions):
2000 2001
Cash 20 25
Marketable Securities 30 35
Receivables 50 60
Inventory 100 80
Property, Plant & Equipment (net) 150 150
Accounts Payable 50 40
Long-term Debt 75 100
Selected financial data from Flag, Inc 抯 financial statements for the years ended December
31, 2000 and 2001 are as follows (in $ millions):

A. Cash Ratio 2000-Below average; Cash Ratio 2001-Below average.
B. Cash Ratio 2000-Above average; Cash Ratio 2001-Below average.
Cash Ratio 2000-Below average; Cash Ratio 2001-Above average.
D. Cash Ratio 2000-Above average; Cash Ratio 2001-Above average.

Under the U.S. FASB conceptual framework, audited financial statements must do all of the following EXCEPT:

A. be relevant.
B. be reliable.
C. consider the economic impact of the reported information.
D. be useful.

Which of the following statements are TRUE?

A. Neither of these are correct.
B. With the installment sales method sales are recognized when cash is received but profits are only recognized after all costs have been recovered.
C. Both of these are correct.
D. With the cost recovery method sales and profits are recognized as cash is received.

Which of the following entities can most likely claim its compliance with GIPS?

A local subsidiary corporation that provides investment management business.
B. A transnational investment consulting services company.
C. An independence investment research firm.

答案查题题库