WGU C213 Complete Answers 100% Correct (Latest 2024) STUDY GUIDE
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1. External users of financial statements use financial statement analysisfor Answer: Investing decisions 2. When analyzing financial statements, prognosis is Answer: The prediction of how abusines... s will perform in the future 3. Relationships between financial statement amounts are called Answer: Financialratios 4. When analyzing financialstatements,diagnosisis Answer: The identification of wherea business has problems 5. Which of the following is a measure of the liquid position of a corporationAnswer: Current ratio 6. Which of the following is one of the purposes of financial statement analysis? Answer: Both diagnosis and prognosis 7. Which of the following transactions could increase a firm's current ratio Answer: -Payment of accounts payable 8. Which of the following ratios is used to measure a firm'sleverage Answer: Debt ratio 9. Which of the following ratios represents the proportion of borrowed fundsused to acquire the company's assets Answer: Debt ratio 10. Which of the following ratios is calculated using numbers from both theincome statement and the balance sheet Answer: Return on equity 11. Which of the following ratios is used to measure the profit earned on eachdollar of sales in a firm Answer: Return on sales 12. Which of the following ratios is a comparison of a financial statementnumber to a market value number Answer: Price-earnings ratio [Show More]
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