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PRODUCT DESCRIPTION:
CHAPTER 5
MULTIPLE CHOICE
1. Statements in which all items are expressed only in relative terms
(percentages of a base) are termed:
a.
Vertical Statements
b.
Horizontal Statements
c.
Funds Statements
d.
Common-Size Statements
e.
none of the answers are correct
ANS: D
2. In financial statement analysis, ratios are:
a.
the only type of analysis where industry data are available
b.
absolute numbers converted to a common base
c.
fractions usually expressed in percent or times
d.
the only indication of the financial position of the firm
e.
none of the answers are correct