3. A common-size income statement for Palomer would report (amounts rounded) a. Net income of 19% b. Sales of 100% c. Cost of sales at 34% d. All of the above 4. A common-size balance sheet for Palomer would report (amounts rounded) a. Current liabilities as 28% of total assets b. Owner's capital is 53% of total liabilities and equity c. Receivables is 7% of total liabilities and equity d. All of the above 5. Trend analysis will show which of the following? a. 15% increase in Current Liabilities b. 33% increase in Owner's Capital c. 19% increase in Long Term Liabilities All of the above
3. A common-size income statement for Palomer would report (amounts rounded) a. Net income of 19% b. Sales of 100% c. Cost of sales at 34% d. All of the above 4. A common-size balance sheet for Palomer would report (amounts rounded) a. Current liabilities as 28% of total assets b. Owner's capital is 53% of total liabilities and equity c. Receivables is 7% of total liabilities and equity d. All of the above 5. Trend analysis will show which of the following? a. 15% increase in Current Liabilities b. 33% increase in Owner's Capital c. 19% increase in Long Term Liabilities All of the above
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 4PB
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