In performing vertical analysis, the base for inventory is: total current assets. total liabilities and stockholders’ equity. total cash and cash…

1.In performing vertical​ analysis, the base for inventory​ is:
A.
total current assets.
B.
total liabilities and​ stockholders’ equity.
C.
total cash and cash equivalents.
D.
total assets.
2.Expressing cash and cash equivalents as a percentage of total assets is an example​ of:
A.
ratio analysis.
B.
horizontal analysis.
C.
economic value added.
D.
vertical analysis.
3.On a statement of cash​ flows, activities that affect longminus−term
assets are classified​ as:
A.
financing activities.
B.
​stockholders’ equity activities.
C.
investing activities.
D.
operating activities.
4.Which of the following is typically used as the base in a vertical analysis of an income​ statement?
A.
gross profit
B.
operating income
C.
net income
D.
net sales
5.On the statement of cash​ flows, financing activities​ involve:
A.
acquiring long−term assets.
B.
lending money.
C.
borrowing by signing a long−term note.
D.
purchasing investments.

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