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Accounting

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Over the last five years, the gross profit margin has grown from 34% to 52%. What is the most likely reason? Select an answer: Operating expense have risen. Product costs per unit have fallen. Given the following information, what is the debt ratio, equity ratio, and debt-to-equity ratio, respectively? - Sales: $1,250,000 - Expenses: $735,000 - Total assets: $875,000 - Total liabilities: $427,000 - Total equity: $448,000 Question 3 of 22 Which option is an efficiency ratio? Select an answer: Question 4 of 22 What would a current ratio of 6:1 mean for most industries? Select an answer: The business is not liquid, and one should be concerned about the business' ability to pay the current liabilities. There are excess current assets that could be invested for a greater return elsewhere. There is not enough information to assess this ratio. A sale is made for $100:$80 is for the product, and $20 is for the right to return the product. How much revenue is recognized at the time of the sale, assuming the product has been transferred to the customer? Select an answer: Trend analysis studies data over period(s). Select an answer: For one period, revenues total $15,000, operating expenses total $2,300, and the cost of goods sold totals $3,800. What are the gross profit and operating income for the period, respectively? Select an answer: You are studying the financial statements for a technology company. You decide to calculate earnings per share (EPS), and find a net income of $10,000, preferred dividends of $2,000, and common shares outstanding at the end of the year to be 75,000 . What is the EPS for the period? Select an answer: The cash conversion cycle provides you with the time it takes to Select an answer: pay your vendors recover the cash spent on inventory with a vendor from your customers When a company identifies quality concerns, what else should the company be concerned about? Select an answer: production increasing beyond demand, creating a unnecessary stockpile of product the potential that costs will fall

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