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Flashcards in Matching- Accounting Compend Deck (150):
1

Used for recording sale of merchandise on credit:

a) Sales Journal
b) General Journal
c) Purchases Journal
d) Cash Payments Journal
e) Cash Receipts Journal

Sales Journal

2

Used for all types of business transactions:

a) Sales Journal
b) General Journal
c) Purchases Journal
d) Cash Payments Journal
e) Cash Receipts Journal

General Journal

3

Used to record the buying of merchandise on credit:

a) Sales Journal
b) General Journal
c) Purchases Journal
d) Cash Payments Journal
e) Cash Receipts Journal

Purchases Journal

4

Used to record the receipt of cash:

a) Sales Journal
b) General Journal
c) Purchases Journal
d) Cash Payments Journal
e) Cash Receipts Journal

Cash Receipts Journal

5

Used to record the paying of cash:

a) Sales Journal
b) General Journal
c) Purchases Journal
d) Cash Payments Journal
e) Cash Receipts Journal

Cash Payments Journals

6

Accounts Payable is a:

a) Current Asset
b) Current Liability
c) Fixed Asset
d) Fixed Liability
e) Proprietorship

Current Liability

7

Accounts Receivable is a:

a) Current Asset
b) Current Liability
c) Fixed Asset
d) Fixed Liability
e) Proprietorship

Current Asset

8

Capital is a:

a) Current Asset
b) Current Liability
c) Fixed Asset
d) Fixed Liability
e) Proprietorship

Proprietorship

9

Mortgage Payable is a:

a) Current Asset
b) Current Liability
c) Fixed Asset
d) Fixed Liability
e) Proprietorship

Fixed Liability

10

Funeral Coach is a:

a) Current Asset
b) Current Liability
c) Fixed Asset
d) Fixed Liability
e) Proprietorship

Fixed Asset

11

Difference between assets and liabilities:

a) Balance Sheet
b) Trial Balance
c) Owners Equity
d) Assets
e) Liabilities

Owners Equity

12

Statement of financial condition:

a) Balance Sheet
b) Trial Balance
c) Owners Equity
d) Assets
e) Liabilities

Balance Sheet

13

Things of value owned by a business:

a) Balance Sheet
b) Trial Balance
c) Owners Equity
d) Assets
e) Liabilities

Assets

14

Debts that a business owes:

a) Balance Sheet
b) Trial Balance
c) Owners Equity
d) Assets
e) Liabilities

Liabilities

15

Check the equality of debits and credits:

a) Balance Sheet
b) Trial Balance
c) Owners Equity
d) Assets
e) Liabilities

Trial Balance

16

Recording information in a ledger:

a) Journal
b) Ledger
c) Posting
d) Income Statement
e) Balance Sheet

Posting

17

A book of accounts:

a) Journal
b) Ledger
c) Posting
d) Income Statement
e) Balance Sheet

Ledger

18

Book of original entry:

a) Journal
b) Ledger
c) Posting
d) Income Statement
e) Balance Sheet

Journal

19

Statement of assets, liabilities, and owners equity at a specific date:

a) Journal
b) Ledger
c) Posting
d) Income Statement
e) Balance Sheet

Balance Sheet

20

Statement of income, expenses, and net income or net loss for a period of time:

a) Journal
b) Ledger
c) Posting
d) Income Statement
e) Balance Sheet

Income Statement

21

Unwritten promises of a business to pay creditors:

a) Assets
b) Liabilities
c) Owners Equity
d) Accounts Payable
e) Accounts Receivable

Accounts Payable

22

Unwritten promises by customers to the business pay at a later date:

a) Assets
b) Liabilities
c) Owners Equity
d) Accounts Payable
e) Accounts Receivable

Accounts Receivable

23

Any debt that a business owes:

a) Assets
b) Liabilities
c) Owners Equity
d) Accounts Payable
e) Accounts Receivable

Liabilities

24

Properties of monetary value owned by a business:

a) Assets
b) Liabilities
c) Owners Equity
d) Accounts Payable
e) Accounts Receivable

Assets

25

An owner's financial interest in a business:

a) Assets
b) Liabilities
c) Owners Equity
d) Accounts Payable
e) Accounts Receivable

Owners Equity

26

A book of original entry in which business transactions are recorded in chronological order:

a) Sales
b) Ledger
c) Journal
d) Purchases
e) Principal

Journal

27

The buying of merchandise:

a) Sales
b) Ledger
c) Journal
d) Purchases
e) Principal

Purchases

28

The face value of a note on which interest is computed:

a) Sales
b) Ledger
c) Journal
d) Purchases
e) Principal

Principal

29

Ordinarily refers only to merchandise sold:

a) Sales
b) Ledger
c) Journal
d) Purchases
e) Principal

Sales

30

A book of accounts:

a) Sales
b) Ledger
c) Journal
d) Purchases
e) Principal

Ledger

31

Current assets divided by current liabilities:

a) Debit
b) Credit
c) Current Ratio
d) Notes Payable
e) Notes Receivable

Current Ratio

32

A written promise of a customer to pay the business in sum of the money at a future date:

a) Debit
b) Credit
c) Current Ratio
d) Notes Payable
e) Notes Receivable

Notes Receivable

33

The right side of a standard account:

a) Debit
b) Credit
c) Current Ratio
d) Notes Payable
e) Notes Receivable

Credit

34

A written promise of a business to pay a creditor a certain amount in the future:

a) Debit
b) Credit
c) Current Ratio
d) Notes Payable
e) Notes Receivable

Notes Payable

35

The left side of a standard account:

a) Debit
b) Credit
c) Current Ratio
d) Notes Payable
e) Notes Receivable

Debit

36

Accounts receivable that are uncollectable:

a) Cost
b) Supplies
c) Bad Debts
d) Cash Receipts
e) Current Liabilities

Bad Debts

37

Amount paid by a business for merchandise:

a) Cost
b) Supplies
c) Bad Debts
d) Cash Receipts
e) Current Liabilities

Cost

38

Money and money substitutes received:

a) Cost
b) Supplies
c) Bad Debts
d) Cash Receipts
e) Current Liabilities

Cash Receipts

39

Debts that must be paid within a year:

a) Cost
b) Supplies
c) Bad Debts
d) Cash Receipts
e) Current Liabilities

Current Liabilities

40

A type of assets that will be consumed as it is used:

a) Cost
b) Supplies
c) Bad Debts
d) Cash Receipts
e) Current Liabilities

Supplies

41

The owners equity or the owner's financial interest in a business:

a) Maker
b) Creditor
c) Corporation
d) Proprietorship
e) Merchandising Business

Proprietorship

42

A business or individual to whom a debt is owed:

a) Maker
b) Creditor
c) Corporation
d) Proprietorship
e) Merchandising Business

Creditor

43

A business firm that obtains income through the buying and selling of goods:

a) Maker
b) Creditor
c) Corporation
d) Proprietorship
e) Merchandising Business

Merchandising Business

44

A business, owned by stockholders, which is chartered under state law to conduct a business or other activity:

a) Maker
b) Creditor
c) Corporation
d) Proprietorship
e) Merchandising Business

Corporation

45

The individual who makes a promise to pay on a promissory note:

a) Maker
b) Creditor
c) Corporation
d) Proprietorship
e) Merchandising Business

Maker

46

A statement regarding the status of assets, liabilities, and owner's equity as of a specified date:

a) Transaction
b) Trial Balance
c) Balance Sheet
d) Source Document
e) Income Statement

Balance Sheet

47

A formal statement which presents the revenue and expenses of a specified period of time:

a) Transaction
b) Trial Balance
c) Balance Sheet
d) Source Document
e) Income Statement

Income Statement

48

The first record of a business transaction:

a) Transaction
b) Trial Balance
c) Balance Sheet
d) Source Document
e) Income Statement

Source Document

49

Financial events that affect assets, liabilities, or owner's equity:

a) Transaction
b) Trial Balance
c) Balance Sheet
d) Source Document
e) Income Statement

Transaction

50

An informal statement proving that total debit balances are equal to the total credit balances in the ledger:

a) Transaction
b) Trial Balance
c) Balance Sheet
d) Source Document
e) Income Statement

Trial Balances

51

In order of time:

a) Income
b) Drawer
c) Expenses
d) Consignor
e) Chronological

Chronological

52

The person or business concerned by whom a shipment is made:

a) Income
b) Drawer
c) Expenses
d) Consignor
e) Chronological

Consignor

53

A person who signs a check or draft ordering payment to be made:

a) Income
b) Drawer
c) Expenses
d) Consignor
e) Chronological

Drawer

54

The decrease in owners equity due to consumption of goods and services used in the operation of the business:

a) Income
b) Drawer
c) Expenses
d) Consignor
e) Chronological

Expenses

55

Increase in the owners equity resulting from business operations:

a) Income
b) Drawer
c) Expenses
d) Consignor
e) Chronological

Income

56

The recording of business data in a prescribed manner:

a) Cash
b) Capital
c) Book Keeping
d) Current Assets
e) Closing Entries


Book Keeping

57

Coins, currency, checks, and money order receipts from others, as well as money deposited in the bank:

a) Cash
b) Capital
c) Book Keeping
d) Current Assets
e) Closing Entries

Cash

58

The net value of an owner's financial interest in a business:

a) Cash
b) Capital
c) Book Keeping
d) Current Assets
e) Closing Entries

Capital

59

Cash or other assets that will be converted into cash or consumed within one year:

a) Cash
b) Capital
c) Book Keeping
d) Current Assets
e) Closing Entries

Current assets

60

The transferral of the balances of the temporary accounts to the capital accounts:

a) Cash
b) Capital
c) Book Keeping
d) Current Assets
e) Closing Entries

Closing Entries

61

Recording in each fiscal period applicable expense, whether paid or not, and income earned, whether collected or not:

a) Check
b) Charter
c) Bank Statement
d) Accrual Accounting
e) Certified Public Accounting

Accrual Accounting

62

An itemized listing of additions to and subtractions from a depositor's account:

a) Check
b) Charter
c) Bank Statement
d) Accrual Accounting
e) Certified Public Accounting

Bank Statement

63

An individual certified to practice public accounting in a state:

a) Check
b) Charter
c) Bank Statement
d) Accrual Accounting
e) Certified Public Accounting

Certified Public Accountant

64

A document issued by a state which permits a corporation to operate:

a) Check
b) Charter
c) Bank Statement
d) Accrual Accounting
e) Certified Public Accounting

Charter

65

A written order drawn by a depositor directing his bank to deduct money from his account and pay the person or company designated:

a) Check
b) Charter
c) Bank Statement
d) Accrual Accounting
e) Certified Public Accounting

Check

66

The money or other assets supplied by the owner for the operation of a business:

a) Investment
b) Mortgage Payable
c) Posting References
d) Negotiable Instrument
e) Net Working Capital

Investment

67

A written promise that pledges real property as security for the payment of a debt:

a) Investment
b) Mortgage Payable
c) Posting References
d) Negotiable Instrument
e) Net Working Capital

Mortgage Payable

68

A business paper that is a claim on cash and which may be transferred legally by endorsement:

a) Investment
b) Mortgage Payable
c) Posting References
d) Negotiable Instrument
e) Net Working Capital

Negotiable Instrument

69

Excess of current assets over current liabilities:

a) Investment
b) Mortgage Payable
c) Posting References
d) Negotiable Instrument
e) Net Working Capital

Net Working Capital

70

Journal page numbers and ledger account numbers which when present, confirms that an entry has been posted:

a) Investment
b) Mortgage Payable
c) Posting References
d) Negotiable Instrument
e) Net Working Capital

Posting References

71

Credit given to a customer for shortages or damaged goods delivered:

a) Accrued Income
b) Sales Discount
c) Statement of Account
d) Allowance of Depreciation
e) Sales Returns and Allowances

Sales Returns and Allowances

72

A deduction from the sales invoice as incentive for customers to pay their invoices early:

a) Accrued Income
b) Sales Discount
c) Statement of Account
d) Allowance of Depreciation
e) Sales Returns and Allowances

Sales Discount

73

An account used to accumulate decreases in value of fixed assets:

a) Accrued Income
b) Sales Discount
c) Statement of Account
d) Allowance of Depreciation
e) Sales Returns and Allowances

Allowance of Depreciation

74

A report sent to each customer which indicates the status of his account:

a) Accrued Income
b) Sales Discount
c) Statement of Account
d) Allowance of Depreciation
e) Sales Returns and Allowances

Statement of Account

75

Income earned during an accounting period but not yet received:

a) Accrued Income
b) Sales Discount
c) Statement of Account
d) Allowance of Depreciation
e) Sales Returns and Allowances

Accrued Income

76

An account used to record or determine the estimated value of an asset:

a) Drawing Account
b) Promissory Note
c) Valuation Account
d) Allowance for Doubtful Accounts
e) Purchase Returns and Allowances

Valuation Account

77

A separate owners equity account in which withdraws of assets against profits by the owner are recorded:

a) Drawing Account
b) Promissory Note
c) Valuation Account
d) Allowance for Doubtful Accounts
e) Purchase Returns and Allowances

Drawing Account

78

Credit received for shortages or for damaged goods received:

a) Drawing Account
b) Promissory Note
c) Valuation Account
d) Allowance for Doubtful Accounts
e) Purchase Returns and Allowances

Purchase Returns and Allowances

79

An account in which is recorded the decrease in value of accounts receivable due to possible uncollectable items:

a) Drawing Account
b) Promissory Note
c) Valuation Account
d) Allowance for Doubtful Accounts
e) Purchase Returns and Allowances

Allowance for Doubtful Accounts

80

A written promise to pay money to another person or business at a specified or determinable time:

a) Drawing Account
b) Promissory Note
c) Valuation Account
d) Allowance for Doubtful Accounts
e) Purchase Returns and Allowances

Promissory Note

81

The account paid for insurance protection:

a) Retail Sales Tax
b) Income Tax
c) Insurance Policy
d) Insurance Premium
e) Stock Certificate

Insurance Premium

82

Levied on the earnings of individuals in businesses by federal, state, and local government:

a) Retail Sales Tax
b) Income Tax
c) Insurance Policy
d) Insurance Premium
e) Stock Certificate

Income Tax

83

A contract between an insurance company and the party insured:

a) Retail Sales Tax
b) Income Tax
c) Insurance Policy
d) Insurance Premium
e) Stock Certificate

Insurance Policy

84

Imposed upon the purchaser of goods and collected by the seller, who remits such to the state or city government:

a) Retail Sales Tax
b) Income Tax
c) Insurance Policy
d) Insurance Premium
e) Stock Certificate

Retail Sales Tax

85

Evidence of the ownership of corporation stock:

a) Retail Sales Tax
b) Income Tax
c) Insurance Policy
d) Insurance Premium
e) Stock Certificate

Stock Certificate

86

Capital or net worth:

a) Current Asset
b) Current Liability
c) Proprietorship
d) Fixed Liability
e) Fixed Asset

Proprietorship

87

Accounts Receivable:

a) Current Asset
b) Current Liability
c) Proprietorship
d) Fixed Liability
e) Fixed Asset

Current Asset

88

Accounts Payable:

a) Current Asset
b) Current Liability
c) Proprietorship
d) Fixed Liability
e) Fixed Asset

Current Liability

89

Mortgage Payable within 15 years:

a) Current Asset
b) Current Liability
c) Proprietorship
d) Fixed Liability
e) Fixed Asset

Fixed Liability

90

Assets which will not be sold during the fiscal period:

a) Current Asset
b) Current Liability
c) Proprietorship
d) Fixed Liability
e) Fixed Asset

Fixed Asset

91

Things of value owned by a business:

a) Balance Sheet
b) Trial Balance
c) Assets
d) Liabilities
e) Proprietorship

Assets

92

One's debt:

a) Balance Sheet
b) Trial Balance
c) Assets
d) Liabilities
e) Proprietorship

Liabilities

93

The equity of the owner of the business:

a) Balance Sheet
b) Trial Balance
c) Assets
d) Liabilities
e) Proprietorship

Proprietorship

94

The financial statement reflects the status of assets, liabilities, and owner's equity as of a given date:

a) Balance Sheet
b) Trial Balance
c) Assets
d) Liabilities
e) Proprietorship

Balance Sheet

95

A check of equality of debts and credits:

a) Balance Sheet
b) Trial Balance
c) Assets
d) Liabilities
e) Proprietorship

Trial Balance

96

One who owes debts:

a) Fixed Liability
b) Proprietorship
c) Debtor
d) Current Liability
e) Creditor

Debtor

97

One to whom debts are owed:

a) Fixed Liability
b) Proprietorship
c) Debtor
d) Current Liability
e) Creditor

Creditor

98

Owner's equity:

a) Fixed Liability
b) Proprietorship
c) Debtor
d) Current Liability
e) Creditor

Proprietorship

99

Mortgage Payable:

a) Fixed Liability
b) Proprietorship
c) Debtor
d) Current Liability
e) Creditor

Fixed Liability

100

Accounts Payable:

a) Fixed Liability
b) Proprietorship
c) Debtor
d) Current Liability
e) Creditor

Current Liability

101

Recording information in a ledger:

a) Ledger
b) Balance Sheet
c) Posting
d) Journal
e) Profit and Loss Statements

Posting

102

A book of accounts:

a) Ledger
b) Balance Sheet
c) Posting
d) Journal
e) Profit and Loss Statements

Ledger

103

Book in which the fitst formal double entry record of transactions is made:

a) Ledger
b) Balance Sheet
c) Posting
d) Journal
e) Profit and Loss Statements

Journal

104

A statement of assets, liabilities, and proprietorship at a specific date:

a) Ledger
b) Balance Sheet
c) Posting
d) Journal
e) Profit and Loss Statements

Balance Sheet

105

A summary of the results of operations for a specified period of time:

a) Ledger
b) Balance Sheet
c) Posting
d) Journal
e) Profit and Loss Statements

Profit and Loss Statements

106

Used to record paying cash for an item:

a) Purchases Journal
b) Sales Journal
c) Cash Receipt Journal
d) Cash Payment Journal
e) General Journal

Cash Payment Journal

107

For recording the buying of an article on credit:

a) Purchases Journal
b) Sales Journal
c) Cash Receipt Journal
d) Cash Payment Journal
e) General Journal

Purchases Journal

108

For receiving cash from merchandise:

a) Purchases Journal
b) Sales Journal
c) Cash Receipt Journal
d) Cash Payment Journal
e) General Journal

Cash Receipt Journal

109

Used to record selling of merchandise on credit:

a) Purchases Journal
b) Sales Journal
c) Sales Receipt Journal
d) Cash Payment Journal
e) General Journal

Sales Journal

110

Used for miscellaneous entries:

a) Purchases Journal
b) Sales Journal
c) Sales Receipt Journal
d) Cash Payment Journal
e) General Journal

General Journal

111

To be used over a long period of time:

a) Tangible Assets
b) Intangible Assets
c) Cash Assets
d) Current Assets
e) Fixed Assets

Fixed Assets

112

To be used relatively soon:

a) Tangible Assets
b) Intangible Assets
c) Cash Assets
d) Current Assets
e) Fixed Assets

Current Assets

113

Capable of being touched:

a) Tangible Assets
b) Intangible Assets
c) Cash Assets
d) Current Assets
e) Fixed Assets

Tangible Assets

114

Not physical or material:

a) Tangible Assets
b) Intangible Assets
c) Cash Assets
d) Current Assets
e) Fixed Assets

Intangible Assets

115

Money:

a) Tangible Assets
b) Intangible Assets
c) Cash Assets
d) Current Assets
e) Fixed Assets

Cash Assets

116

Check returned to the depositor that has been paid by the bank:

a) Check Stub
b) Drawer
c) Payee
d) Cancelled
e) Outstanding

Cancelled

117

A source of information for the journal:

a) Check Stub
b) Drawer
c) Payee
d) Cancelled
e) Outstanding

Check Stub

118

The one to whom the bank is ordered to pay the cash:

a) Check Stub
b) Drawer
c) Payee
d) Cancelled
e) Outstanding

Payee

119

A check that has been issued, but not yet presented for payment:

a) Check Stub
b) Drawer
c) Payee
d) Cancelled
e) Outstanding

Outstanding

120

The one who orders the bank to pay money from his account:

a) Check Stub
b) Drawer
c) Payee
d) Cancelled
e) Outstanding

Drawer

121

The time allowed for the payment of a sale:

a) Fiscal period
b) Fiscal Year
c) Compound Entry
d) Withdraws
e) Terms

Terms

122

Assets taken out of the business by the owner for his personal use:

a) Fiscal period
b) Fiscal Year
c) Compound Entry
d) Withdraws
e) Terms

Withdraws

123

The period for which an analysis of the operations for a business is made:

a) Fiscal period
b) Fiscal Year
c) Compound Entry
d) Withdraws
e) Terms

Fiscal Period

124

A journal entry that contains two or more debits or two or more credits:

a) Fiscal period
b) Fiscal Year
c) Compound Entry
d) Withdraws
e) Terms

Compound Entry

125

An accounting year ending some other date than December 31st:

a) Fiscal period
b) Fiscal Year
c) Compound Entry
d) Withdraws
e) Terms

Fiscal Year

126

Free on Board:

a) CPA
b) COD
c) CIF
d) CBD
e) FOB

FOB

127

Collect before delivery:

a) CPA
b) COD
c) CIF
d) CBD
e) FOB

CBD

128

Certified Public Accountant:

a) CPA
b) COD
c) CIF
d) CBD
e) FOB

CPA

129

Cost Insurance and Freight:

a) CPA
b) COD
c) CIF
d) CBD
e) FOB

CIF

130

Collect on Delivery:

a) CPA
b) COD
c) CIF
d) CBD
e) FOB

COD

131

Stockholders:

a) Interest
b) Mark-up
c) Fixed Assets
d) Partnership
e) Corporation

Corporation

132

Land, buildings, equipment:

a) Interest
b) Mark-up
c) Fixed Assets
d) Partnership
e) Corporation

Fixed Assets

133

Amount added to cost of merchandise to determine the selling price:

a) Interest
b) Mark-up
c) Fixed Assets
d) Partnership
e) Corporation

Mark-up

134

A business owned by two or more individuals with profits or losses jointly shared:

a) Interest
b) Mark-up
c) Fixed Assets
d) Partnership
e) Corporation

Partnership

135

Money paid for the use of money:

a) Interest
b) Mark-up
c) Fixed Assets
d) Partnership
e) Corporation

Interest

136

A special book in which payments made by check are recorded:

a) Book Value
b) Invoice
c) Check Register
d) Certified Check
e) Cashier's Check

Check Register

137

A check drawn by a bank on it's own funds and signed by the cashier:

a) Book Value
b) Invoice
c) Check Register
d) Certified Check
e) Cashier's Check

Cashier's Check

138

A check which carries the guarantee of the drawee that sufficient funds are available to pay the check when it is properly presented:

a) Book Value
b) Invoice
c) Check Register
d) Certified Check
e) Cashier's Check

Certified Check

139

Cost of a fixed asset less accumulated depreciation:

a) Book Value
b) Invoice
c) Check Register
d) Certified Check
e) Cashier's Check

Book Value

140

A paper showing quantity, description, prices of items, total amount of purchases and the terms of payment:

a) Book Value
b) Invoice
c) Check Register
d) Certified Check
e) Cashier's Check

Invoice

141

A payment:

a) Restrictive Endorsement
b) Blank Endorsement
c) Endorsement in Full
d) Deferred
e) Disbursement

Disbursement

142

To delay unti a later date:

a) Restrictive Endorsement
b) Blank Endorsement
c) Endorsement in Full
d) Deferred
e) Disbursement

Deferred

143

Consists merely of the signature of the endorser on the back of a check:

a) Restrictive Endorsement
b) Blank Endorsement
c) Endorsement in Full
d) Deferred
e) Disbursement

Blank Endorsement

144

Endorsement which uses the phrase, "Pay to the Order of":

a) Restrictive Endorsement
b) Blank Endorsement
c) Endorsement in Full
d) Deferred
e) Disbursement

Endorsement in Full

145

Endorsement which uses the phrase, "For Deposit Only":

a) Restrictive Endorsement
b) Blank Endorsement
c) Endorsement in Full
d) Deferred
e) Disbursement

Restrictive Endorsement

146

The comparison of current assets with current liabilities:

a) Acid Test Ratio
b) Inventory Turnover
c) Long Lived Asset Ratio
d) Current Asset Ratio
e) Total Asset Ratio

Current Asset Ratio

147

The comparison of the fixed assets with the fixed liabilities:

a) Acid Test Ratio
b) Inventory Turnover
c) Long Lived Asset Ratio
d) Current Asset Ratio
e) Total Asset Ratio

Long Lived Asset Ratio

148

Comparison of cash and all the other current assets that are readily recognizable in cash with the other current liabilities:

a) Acid Test Ratio
b) Inventory Turnover
c) Long Lived Asset Ratio
d) Current Asset Ratio
e) Total Asset Ratio

Acid Test Ratio

149

Comparison or total assets with total liabilities:

a) Acid Test Ratio
b) Inventory Turnover
c) Long Lived Asset Ratio
d) Current Asset Ratio
e) Total Asset Ratio

Total Asset Ratio

150

Determined by dividing the cost of goods by the average inventory:

a) Acid Test Ratio
b) Inventory Turnover
c) Long Lived Asset Ratio
d) Current Asset Ratio
e) Total Asset Ratio

Inventory Turnover