Week 8: Quiz
Question 1 of 10
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Bramble, Inc. has the following Income Statement (in millions):
BRAMBLE, INC.
Income Statement
For the Year Ended December 31, 2026
Net Sales
$220
Cost of Goods Sold
143
Gross Profit
77
Operating Expenses
51
Net Income
$ 26
Using vertical analysis, what percentage is assigned to gross profit?
65.0%
35.0%
100.0%
53.8%
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Week 8: Quiz
Question 2 of 10
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Given the following data for the Blue Company:
Current liabilities
$644
Long-term debt
730
Common stock
1026
Retained earnings
1400
Total liabilities & stockholders’ equity
$3800
How would common stock appear on a common size balance sheet?
70%
27%
19%
29%
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Week 8: Quiz
Question 3 of 10
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Flint Corporation reported net sales of $636000, $663400, and $718680 in the years 2024, 2025, and 2026,
respectively. If 2024 is the base year, what percentage do 2026 sales represent of the base?
88%
108%
13%
113%
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Week 8: Quiz
Question 4 of 10
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Assume the following sales data for a company:
2026
$974000
2025
870000
2024
750000
If 2024 is the base year, what is the percentage increase in sales from 2024 to 2025?
16%
130%
116%
30%
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Week 8: Quiz
Question 5 of 10
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The following schedule is a display of what type of analysis?
Amount
Percent
Current assets
$106400
28%
Property, plant, and equipment
273600
72%
Total assets
$380000
100%
Ratio analysis
Differential analysis
Vertical analysis
Horizontal analysis
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Week 8: Quiz
Question 6 of 10
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The use of alternative accounting methods
is only a problem in ratio analysis with respect to inventory.
may be a problem in ratio analysis even if disclosed.
is not a problem in ratio analysis since eventually all methods will lead to the same end.
is not a problem in ratio analysis because the footnotes disclose the method used.
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Week 8: Quiz
Question 7 of 10
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An income statement would not include
discontinued operations.
other revenue and gains.
dividends paid.
income from operations.
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Week 8: Quiz
Question 8 of 10
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Which one of the following is not a tool in financial statement analysis?
Circular analysis
Ratio analysis
Horizontal analysis
Vertical analysis
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Week 8: Quiz
Question 9 of 10
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If Year 1 sales equal $740, Year 2 sales equal $863, and Year 3 sales equal $925, the percentage to be assigned for Year
3 in a trend analysis, assuming that Year 1 is the base year, is
107%.
125%.
80%.
117%.
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Week 8: Quiz
Question 10 of 10
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E company has an investment in trading securities of $134000. The fair value of the investment declined during the
current year resulting in an unrealized loss of $6700. Assuming a 35% tax rate, the effect of this loss on other
comprehensive income will be
$134000 increase.
$87100 decrease.
$46900 decrease.
no effect.
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