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Managerial Accounting Study Set 24
Quiz 12: Performance Evaluation Revisited: a Balanced Approach
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Question 1
True/False
A firm's ability to pay its obligations as they come due and to meet any unforeseen needs for cash is referred to as liquidity.
Question 2
True/False
Another form of horizontal analysis is called trend analysis.
Question 3
True/False
In a trend analysis of cost of goods sold over the last three months, all cost of goods sold accounts are shown as a percentage of the current quarter.
Question 4
True/False
Working capital is the difference between a firm's total assets and total liabilities.
Question 5
True/False
In a horizontal analysis balance sheet, the percentage change columns do not add up in the same way as the dollar amounts because each of the percentages was calculated using a different denominator.