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ACC 200 Final Exam; Questions & Answers 100% Verified $11.99   Add to cart

Exam (elaborations)

ACC 200 Final Exam; Questions & Answers 100% Verified

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  • Course
  • ACC 200
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  • ACC 200

ACC 200 Final Exam; Questions & Answers 100% Verified Receivables turnover ratio Correct answer-net credit sales / average accounts receivables Inventory turnover ratio Correct answer-costs of goods sold / average inventory Current ratio Correct answer-current assets / current liabilities De...

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  • August 8, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • ACC 200
  • ACC 200
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GOLDTUTORS
ACC 200 Final Exam; Questions & Answers
100% Verified
Receivables turnover ratio Correct answer-net credit sales / average accounts receivables




Inventory turnover ratio Correct answer-costs of goods sold / average inventory




Current ratio Correct answer-current assets / current liabilities




Debt to equity ratio Correct answer-total liabilities / stockholders' equity




Times interest earned ratio Correct answer-net income + interest expense + tax expense /
interest expense




Gross profit ratio Correct answer-gross profit / net sales




Return on assets Correct answer-net income / average total assets




Asset turnover Correct answer-net sales / average total assets




Return on equity Correct answer-net income / average stockholders' equity




Dividend Yield Correct answer-dividends per share / stock price

, ACC 200 Final Exam; Questions & Answers
100% Verified

Earnings per share Correct answer-net income - preferred stock dividends / average
shares of common stock outstanding




Net Income Correct answer-Revenues - Expenses




For the year ended December 31st, 2018 Correct answer-Income Statement and
Statement of Stockholders' Equity




Issue common stock in exchange for cash of $2,500. Correct answer-Debit - Cash : 2,500

Credit - Common Stock : 2,500




Purchase sewing equipment by signing a note with the local bank, $2,200. Correct
answer-Debit - Equipment : 2,200

Credit - Note Payable : 2,200




Pay rent of $550 for March. Correct answer-Debit - Rent Expense : 550

Credit - Cash : 550

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