WGU C213 OBJECT ASSESSMENT
ACCOUNTING FOR DECISION MAKERS
EXAM NEWEST ACTUAL EXAM WITH
COMPLETE QUESTIONS AND DETAILED
VERIFIED ANSWERS GRADED A+ | 100%
VERIFIED | 2024 UPDATE!!!
What is the percentage that would be given to sales revenue on
a common-size income statement (round to the nearest
percent)? - ✔✔✔ Correct Answer > Correct Answer: 100
percent
Sales revenue: $915,000 / $915,000 = 100%
Selected information for Alastair Company is as follows:
2012
Current assets
$450,000
Total assets
,725,000
Cost of goods sold
700,000
Sales revenue
915,000
Net income
145,000
What is the percentage that would be given to cost of goods
sold on a common-size income statement (round to the nearest
percent)? - ✔✔✔ Correct Answer > Correct Answer: 77 percent
Sales revenue: $700,000 / $915,000 = 77%
Which of the following ratios is used to measure a firm's
profitability? - ✔✔✔ Correct Answer > Net income ÷ Sales
Which of the following is NOT included in the DuPont
framework?
A measure of profitability
A measure of leverage
,A measure of market share
A measure of efficiency - ✔✔✔ Correct Answer > A measure of
market share
When analyzing a company's debt ratio, if the ratio has a value
that is equal to one, then the company has - ✔✔✔ Correct
Answer > No stockholders' equity
Borrowing that allows a company to purchase more assets than
its stockholders are able to pay for is - ✔✔✔ Correct Answer >
Leverage
The ratio that reflects the mix of sources of financing for a
company is the - ✔✔✔ Correct Answer > Debt-to-equity ratio
The following data came from the financial statements of
Petrini Company:
Given the information above, compute the debt ratio (rounded
to two decimal places) for Petrini Company. - ✔✔✔ Correct
Answer > Correct Answer: 0.46
Debt ratio: $95,000 / $205,000 = 0.46
The following data came from the financial statements of
Petrini Company:
Total assets
$205,000
Total liabilities
95,000
Total stockholders' equity
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