ACC 200 Final Exam; Questions & Answers 100% Verified
3 views 0 purchase
Course
ACC 200
Institution
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...
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GOLDTUTORS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.