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Managerial accounting Study Set 9
Quiz 14: Financial Statement Analysis Online
March Company's Acid-Test (Quick)ratio at the End of Year 2
Question 147
Multiple Choice
March Company's acid-test (quick)ratio at the end of Year 2 was closest to which of the following? A) 0.39 to 1. B) 0.53 to 1. C) 0.95 to 1. D) 1.90 to 1.
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Q 148
March Company's accounts receivable turnover for Year 2 was closest to which of the following? A) 7.2 times. B) 7.5 times. C) 10.4 times. D) 10.7 times.
Q 149
March Company's average collection period (age of receivables)for Year 2 was closest to which of the following? A) 34.0 days. B) 35.1 days. C) 48.9 days. D) 50.5 days.
Q 150
March Company's inventory turnover for Year 2 was closest to which of the following? A) 7.2 times. B) 7.5 times. C) 10.4 times. D) 10.7 times.
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